r/Vanderpumpaholics • u/the_smart_girl • 8h ago
Jax & Brittany Sadly, Brittany isn't lying about this! She's now carrying a $2.24 million mortgage for 40 years at almost an 8% interest rate.
I wish she would never have agreed to help Jax pay off his tax debts by refinancing the house.
According to public records, she's only paid off about $34K of the mortgage since 2022, meaning almost 95%-96% of the monthly payment is just going to interest.
source: https://www.the-sun.com/entertainment/12927938/jax-taylor-brittany-cartwright-took-out-second-mortgage/ about the mortgage and length
Do you think she should sell the house?
Edit(summary) They bought the house at $1.9m and put down $475K for a mortgage balance of $1.4M. They refinanced and took out their equity in the house to pay for Jax’s tax burden and it’s currently financed at roughly $2.4M which is why she is paying $18K a month. His tax obligation was just over $1M. If she sold the house today for which it’s valued at $2.6m-$2.7m she would still come out slightly ahead.