Annual property taxes of almost $150,000. Ouch!
https://www.compass.com/listing/406-centre-island-road-centre-island-ny-11771/1567467311305930409/
Mortgage Details
Home value: $13,500,000
Down payment: $3,500,000.00
Loan amount: $10,000,000
Interest rate: 7.77%
Loan term: 30 years
Start date: May, 2024
Property tax: $150,000.00
PMI: 0.50%
Yearly Home Insurance: $2,400
Monthly HOA Fee: $0
Mortgage Repayment Summary
$84,479.48
Monthly Payment
PMI
not required
$3,500,000.00
Down payment amount
25.93%