Tiger Woods’ $865,079.36 Monthly Mortgage Payment
Tiger Woods is obviously not affected by the home foreclosure crisis in the Sunshine State of Florida like so many are. According to the MSN.FoxSports.com article, Tiger takes out $54.5M mortgage, the golf legend has taken out a $54.5 million mortgage on a home in the exclusive enclave of Jupiter, FL.
Seems like divorce from former wife Elin agrees with the golf phenom.
And, the juicy part of the story is not that the mortgage is $54.5 million, but that the golf great plans to pay it off in just over 5 years! Most homeowners across the country are struggling to pay off $150,000 mortgages in 30 years — and he’s going to pay off a $54.5 million mortgage in a bit more than 60 months (63 months if you figure it from 9/2010 to 1/2016).
That’s a monthly mortgage payment approaching a million dollars a month — $865,079.36 to be exact.
How much is your mortgage payment per month?
Man, I knew I should have taken up golf as an extra-curricular activity in college!
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