The San Francisco Chronicle reports that Facebook founder Mark Zuckerberg has refinanced a $5.95 million mortgage on his Palo Alto, Calif., home with a 30-year adjustable-rate loan starting at 1.05%. The five-bedroom, 5 1/2-bath house was purchased in March 2011 for $7 million. Monthly principal and interest mortgage payments on the newly refinanced home loan are estimated to start at $19,275.
The 28-year-old Zuckerberg is listed by the Bloomberg Billionaires Index as the world's 40th-wealthiest person, with a net worth of $15.7 billion. Neither Facebook nor First Republic Bank, which refinanced Zuckerberg's mortgage, would publicly comment on the report, which was culled from public records for the property.
(Photo courtesy of Guillaume Paumier.)