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The Income You Need To Get Approved for a $1 Million House

Movoto

More below) Standard 20% down: $200,000 for a $1,000,000 house This brings us to an “average” monthly mortgage payment of $5,800 with property taxes and homeowners insurance factored in. Remember that property taxes on a $1 million house can be much higher than average.

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Remodel or Move? How to Decide

Empire Appraisal Group

Talk to the contractors and contact your city government or HOA for information on the kind of structural updates you’re allowed to make to your property. If you’re buying in another area, research local property taxes and account for any difference in your monthly payments.