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Just like many homeowners across the United States, Jay-Z and Beyoncé turned to conventional financing to purchase their first L.A. home, only their mortgage is a lot larger than most!
According to the Los Angeles Times the couple purchased their $88 million Bel-Air mansion through blind trusts, with public records showing the superstar couple took out a mortgage for $52.8 million.
By most mortgage rate calculations (using an interest rate of 4%) that equates to a 30 year monthly payment of $252,075.
The purchase is L.A.’s fifth largest sale of a single-family home in history.