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A monthly payment on a mortgage of $1mm is ~$4k. That’s the same cost to rent a 2-3br in the 1k-1.4k square foot range in much of San Francisco.

Napkin math suggests that it’s a reasonable payment for those >=$170k annual income, which is very common in software in the USA.




there's also insurance, pmi if you didn't do the down payment, hoa seems common, taxes. Thats all more then 50% of my take home. (Im not including my rsu, im hesitant to budget off that theyre so variable) And a million dollar home is cheap at the moment. Looks like the median in sf if 1.5million.


I financed 250,000 of a mortgage last year, and my mortgage payment is about $1200 a month (including taxes and insurance)

Assuming taxes and insurance correspond with a % of home value, a 1 million mortgage would be about $4,800 a month.

Or about $4,000 a month if talking about a $1 million dollar house with 80% financed.




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