How much would it cost to buy the famous McCallister family house featured in the Home Alone Christmas movie?
Every time I watch the timeless Home Alone movie at Christmas time. I can’t help but wonder how much the McCallister’s house would actually cost to buy.
So I decided to break down how much the house is worth Today and I’ve broken down what this would look like in the UK.
HOW MUCH DEPOSIT WOULD YOU NEED?
If you’re fortunate enough to be in the market for a home equivalent to £1.5 Million in the UK then you might be wondering how much deposit you’d need.
Due to the loan size, most UK Lenders would require a minimum deposit of 15% which is £225,000. That’s the price of an average UK Home.
HOW MUCH PER MONTH?
You’d need a mortgage of £1,275,000.
Over 25 years at an interest rate of 1.91% that’s a monthly repayment of £5,350.
You’d need an annual household income of approximately £255,000 to be approved based on Today’s calculations.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.