Main Residence Analysis (AUG24)

Main Residence Analysis (AUG24)

Based on my analysis, we broke even in 3 Years on our main residence. The Cash Flow Out compared to our Rent Cost Savings and Property Value is our NE.

Our Prepay Mort is about 313K giving us about 21.25K in mortgage interest cost savings per year. 

Our ING Offset is primarily EFI-Holdings, KD/KMA, and KFI-BInvT of 130K giving us about 8.8K in mortgage interest cost savings per year.

We still have about 70K of Net Ending Bal which we are on target to fully pay off by JUN25.

Once the Net Ending Bal is fully paid off, we'll reduce from our Prepay Mort so long as we continue to make our repayments. That means we'll be freeing up cash flow for us to reinvest.

In Summary, repayments of 41.8K less Fixed Costs of 8.8K = 33K of free cash flow. Our mortgage interest cost is estimated to be under 5K for this year.