Music industry power couple Jay-Z and Beyonce have taken extravagance to a new level: The mortgage payments on their new Bel Air home is roughly a quarter-million dollars per month.
The Los Angeles Times reports
that the couple purchased an $88 million Los Angeles home with a $52.8 million mortgage. If the hip-hop superstars took out a standard 30-year mortgage with a four percent interest rate, their monthly mortgage payment comes to about $252,075.
The home in question covers 30,000-square feet and includes four swimming pools and a spa. The home purchase is, to date, the highest sale in Los Angeles County.