Sorry to break your bubble a vm with this configuration+bandwidth will be $1000 or more.
But why would you buy a VM with this configuration? 32gb of RAM for two boxes, with two i7s that have 4 3.40ghz cores? Lots of people have the impression that cloud is more expensive than owning your own iron, and it probably is, but the difference is made a lot larger if you don't consider TCO and you make no effort to actually adapt your needs to the cloud. Cloud's economics are based around horizontal scaling and provisioning on-demand. If you're hosting in the cloud, you don't get two big machines like this, you shard your app over a bunch of cheap machines and you spin up more/bigger instances to meet peak demand. If you're buying cloud hosting but you go into it with "have everything we need to meet peak load running 24/7," of course it's going to cost you an arm and a leg.
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But why would you buy a VM with this configuration? 32gb of RAM for two boxes, with two i7s that have 4 3.40ghz cores? Lots of people have the impression that cloud is more expensive than owning your own iron, and it probably is, but the difference is made a lot larger if you don't consider TCO and you make no effort to actually adapt your needs to the cloud. Cloud's economics are based around horizontal scaling and provisioning on-demand. If you're hosting in the cloud, you don't get two big machines like this, you shard your app over a bunch of cheap machines and you spin up more/bigger instances to meet peak demand. If you're buying cloud hosting but you go into it with "have everything we need to meet peak load running 24/7," of course it's going to cost you an arm and a leg.