[toohotatopic]

It's 3.86k if you want to own the property after 30 years. You don't have to. You might as well sell the house for 1.2mm after 30 years and just pay 12m per year on interests for 30 years.

[eschutte2]

I'm sorry, I should have noticed you were talking about not owning it. I agree with the point that low interest rates mean higher prices, of course.