How much cash do I need to have to afford a $2M house? – How much cash do I need to have to afford a $2M house? Update Cancel.. you may be ok with 800,000- 1 mil cash and be in a position to buy 2 million dollar house. 13.9k views View 5 Upvoters Answer. The mortgage might be a 20 year term and might have an interest rate of 500 basis.
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Can I afford a 2 Million dollar house? : personalfinance – I think with an income of $550+ a year, sure, you can afford a $1.5M house. However, since you have $24K debt, I assume you’re short on cash. I’d build some cushion before I go and buy a million dollar house. Because if something happens to your wife’s income, your mortgage would drain your savings almost immediately since you make much less.
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