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The Ideal Mortgage Amount Is $1 Million Dollars (If You Can. – The ideal mortgage amount is $1,000,000 if you can afford it. Back in 2002, a $1 million mortgage cost around $50,000 to $65,000 a year in interest expense given mortgage rates were 5%-6.5% for a 5/1 ARM or a 30-year fixed.
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Real Estate – Listings, Housing News and Advice. – Elon Musk is selling his $4.5M home in Los Angeles The billionaire has listed a four-bedroom, three-bath home in Los Angeles for $4.5 million, Forbes first reported.