I’m 59. My wife and I bought a second home for $484,000 at 6.2% interest rate. Will this be a drain on our retirement? | Collector

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I’m 59. My wife and I bought a second home for $484,000 at 6.2% interest rate. Will this be a drain on our retirement?

“I earn an annual salary of $116,000. My wife’s annual income is about $55,000.”