@griffinpwallace: Here's what it actually costs to afford a $3 million home in South Florida. A $3M loan is a jumbo loan, and 20% down gets the best terms: $600K cash, plus lenders want 6-12 months of reserves after closing. At 20% down you finance $2.4M, about $15.5K-$16K/month in principal and interest. Add ~1.8% property taxes and insurance and your all-in is around $22K/month, before HOA. To stay under a 40% DTI line, you'd need to gross about $660K a year. Know your carry and cash on hand before an offer.

Psychede1ic Bear :

You broke it down very well

RichieRich :

The $3M home in South FL.

anayo_Okeke :

I live in west Boca I’m astonished on how many people own these luxury homes. So much money in South FL.

ADV_Rider :

Insurance is a significant cost! Especially in SoFlo

gameproPwn :

Loan is crazy

user668233 :

Your content is good. Clear,concise. Buying 1st qtr 2027. Will inquire .

Damion Bailey :

Would you say the Zillow monthly estimate is pretty accurate?

🪬 Daria 🪬 :

I don’t even know if we can consider $3 million homes in Miami Dade County and Broward and Palm Beach luxury anymore.

AMiztiktok :

600k home is sweet. and paid off. Just re invest into the house

Sandra :

Who would finance that much?

Marc :

Your numbers are spot on correct, great clip! You should do another (even haven’t already) on a $1M home. This is the average cost of a home (not luxury) in South Florida in a desirable neighborhood or city.

hayleymilon :

Who is using a conventional loan for a 3m property

Tayler Alicia :

I had a crush on you in college. so random you’re on my fyp

gtrkev3 :

I knew there was a reason I didn't buy a $3M home! Yeah, the insurance, that's it. And especially if it's waterfront, the property taxes.

Ted Johnsmith :

Thats it?!

prenup :

You forgot how much is the monthly cost to cut down the grass in these houses 😂

bripahm :

Damn so only 2M for me

hereturikoka9 :

Phoenix :

I would love to know their career choice that fund purchase