Jay Z & Beyonce’s Monthly Mortgage Is $252,000!
Jay-Z and Beyoncé are paying a serious coin for their new home. The couple are said to be worth more than a billion dollars combined, but reportedly used conventional financing in order to purchase their first Los Angeles home together.
According to a report, they paid $88 million for their new estate and are carrying a mortgage amount of $52.8 million. Their monthly mortgage, if they pay 30 years of monthly payments, is around $252,075 – based on an interest rate of 4%.
Their home, which is said to be located in Bel-Air, includes 30,000 square feet of interior space, 10,000 square feet of living space outdoors, a spa and wellness facilities, a media room and four outdoor swimming pools and glass doors and windows that are bulletproof. The home also has full basketball court, a separate staff quarters and a garage space for 15 vehicles.
The property was developed by Dean McKillen, the son of Irish billionaire and property investor Paddy McKillen. The off-market transaction is now the highest sale of 2017 in Los Angeles County, beating the $85-million deal for David Geffen’s Malibu compound that recorded in May.
Beyonce and Jay-Z have a combined net worth of $1.16 billion.