$2M mortgages in SF. Nothing down.

CNBC

Nothing down, $2M mortgages for locals in SF.

Using a financial calculator, with 4% rates, 30 year amortization, the payment is $9,500.

Since it is an adjustable rate mortgage, in 5 years the interest can go up to 6%. That would make the payment $12,000.

This excludes property taxes, insurance, etc.

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