How to Model Mortgage Payoff following Sale of Rental Property
Rental property A (single family home) that has zero mortgage balance.
Rental property B (single family home) that has a current $80K mortgage balance.
Primary residence property C that has a current $150K mortgage balance.
I have created a profile that shows a sale of Rental Property A in 2020 in which I continue to make continuing normal mortgage payments on properties B and C.
I want to see economic impact of using proceeds from sale of Property A to make lump sum payoff in 2020 of mortgage for property B, property C, or both.
1. How do I do that for property B Rental Property?
2. How do I do that for property C Primary Residence?