Price: $22,000,000
S.F. : 22,000
Location: Mercer Island, Washington

Features: Featured on HGTV, 22,000 square feet of living space, marble slab floors, luxury marble bath, master suit of epic proportions, gym, a wardrobe wing, 12 Chihuly lead crystal chandelier with 427 crystlals, Lake Washington dock with 140? yacht access, sitting on 2 acres with 175 feet of lakefront.

Let’s do a little mortgage calculation on this bad boy.

Down Payment: $2,200,000.00 (10%)
Amount Financed: $19,800,000.00
Monthly Payment: $125,149.47
(Principal & Interest ONLY)

Since you are putting LESS than 20% down, you will need to pay PMI (Private Mortgage Insurance), which tends to be about $55 per month for every $100,000 financed (until you have paid off 20% of your loan). This could add $10,890.00 to your monthly payment.

Monthly Payment: $136,039.47

Residential (or Property) Taxes are a little harder to figure out.
Let’s say that your property’s assessed value is 85% of what you actually paid for it - $18,700,000.00. This would mean that your yearly residential taxes will be around $261,800.00 This could add $21,816.67 to your monthly payment.

TOTAL Monthly Payment: $157,856.14
(including PMI and residential tax)

A house truly built for the discriminating!!