On last week’s episode of True Tori, show star Tori Spelling revealed she has a bit of a hoarding problem and that she is paying for storage on 127 vaults of stuff — some of which has been in storage since the 1990s. “What I’m paying in storage is seriously a mortgage,” Tori said, which was an extremely frustrating realization for her because she wants to have a larger house for her, husband Dean, and their four children. So how much is Tori actually paying for storage? We contacted the storage company she uses to find out!
We asked for an estimate on 3-4 storage vaults like Tori uses, which are large wooden crates that measure 5′ x 7′ x 7′-10″ providing 280 cubic feet of storage. The estimate we were given is $55 each per month, which is actually a little cheaper than other online pricing we found. (For instance, We Come 2U Storage charges $69 per month for a similar sized vault, according to their website.)
So, 127 vaults at $55 a month each equals $6,985 a month! That is SOME mortgage payment! Of course, I assume that with so many units, and having been a customer for so long, that Tori gets a bit of a discount. But still!
I played around with an online mortgage calculator and here’s what I found you could get if you had $6,985 a month for a mortgage payment:
$1 million house
$160,000 down payment
15 year mortgage at 3.35%
Property tax of 1.25% and PMI equaling .5%
That equates to exactly $6,985 a month.
It should be noted that this amount is still less than what Tori Spelling and Dean McDermott are reportedly paying for their current residence, which is a $10,500 a month rental in Encino.
Also, when calculating how much Tori is paying for storage, there should be an adjustment for the large room in her house dedicated to that purpose:
To find out if Tori is able to come to terms with her hoarding problem and reduce her storage costs, tune in to new episodes of True Tori airing Tuesday nights at 9/8c on Lifetime!
