Beyoncé and Jay‑Z’s Bel Air estate, acquired in 2017, spans approximately 30,000 square feet across six ultra-modern structures and nearly two acres of hillside grounds. The power couple is known for their incredible wealth and extensive real estate portfolio. Now, reports suggest Beyoncé and Jay‑Z took out a mortgage on the home worth tens of millions of dollars. Here’s what to know about their new monthly mortgage payment in the wake of the “Cowboy Carter Tour” success.

Jay-Z and Beyoncé just took out a $57 million mortgage on their Bel Air estate

Beyoncé and Jay‑Z now owe a lot of money on their Bel Air mansion. Designed by architect Dean McKillen and purchased for roughly $88 million, the home features floor-to-ceiling bulletproof glass walls that retract to create sweeping indoor‑outdoor living spaces, including expansive terraces and patios totaling an additional 10,000 square feet. Amenities are abundant. The home has four separate swimming pools, a spa and wellness suite, a private basketball court, a home theater, staff apartments, and a 15‑car garage. The interiors are minimalist yet warm. The home boasts Italian limestone staircases, travertine marble floors, neutral tones, and luxurious custom fixtures.

Recently, the power couple took out a new $57.75 million mortgage on the property. The 30-year loan reportedly has an interest rate of 5% for the first 10 years, according to DailyMail.com. In total, Beyoncé and Jay‑Z will pay $310,000 per month with the new mortgage. Additionally, they’ll have to pay $100,343 per month in property taxes for the estate.

Four years before this loan, the couple took out another 30-year mortgage for $52.8 million with Goldman Sachs. The loan has a 3.15% interest rate. They currently pay $226,901 per month to repay this.

In total, Beyoncé and Jay-Z have borrowed over $110 million.

Their first mortgage payment with their new loan will total $240,625 in interest

Beyoncé and Jay‑Z have quite the net worth, but they’re still going to be paying astronomical amounts in interest. According to The Truth About Mortgage, the couple will pay over $240,000 in interest alone on their first payment of their new 30-year mortgage.

So, why would the couple agree to pay back nearly a quarter of a million dollars in interest alone and continue to pay hundreds of thousands in interest in the future? In reality, the couple’s 5% interest rate stands well below what other homebuyers pay. Additionally, if the rates rise over time after a 10-year fixed period, they can likely pay it back whenever they feel the need. For now, Beyoncé and Jay‑Z continue to put their money elsewhere — perhaps into their other properties.

Beyoncé just accomplished the highest-grossing country tour ever

Beyoncé and Jay-Z are known for their fame and wealth. And they just got a whole lot richer thanks to the “Cowboy Carter Tour.”

Beyoncé’s “Cowboy Carter Tour” was a historic triumph, grossing approximately $407.6 million from sold‑out stadium shows across the U.S., UK, and France, with over 1.6 million tickets sold. This feat made it the highest‑grossing country music tour ever in Billboard Boxscore history, and notably the fastest tour ever to surpass $400 million — achieved in only 32 performances over roughly 90 days.

Beyoncé shattered more than 40 Boxscore records, including being the first woman and first American artist to headline two separate tours that each grossed over $400 million, joining the ranks of Coldplay, The Rolling Stones, and Ed Sheeran. The tour also extended her status as the highest‑grossing Black artist and top R&B artist of all time, according to L.A. Focus Newspaper.

The tour redefined what a country-inspired stadium tour could achieve, setting records for speed, scale, and profitability. And, of course, fans couldn’t get enough of Jay-Z and Destiny’s Child appearing in the final show, proving that Beyoncé has more than a few tricks up her sleeve for fans willing to pay for a premium experience.

For more news and exclusive interviews, follow Showbiz Cheat Sheet’s Instagram.