Real Estate Primary Home Special

How to Model Mortgage Payoff following Sale of Rental Property

Submitted by Waniac on Sun, 08/25/2019 - 20:00

Tags:

I own:
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.

Disclaimer: The suggestions and recommendations provided by Economic Security Planning, Inc.'s software tools and planning services do not constitute financial or investment advice. The creators of Economic Security Planning's software are not certified, registered, authorized, or any other form of financial planners. Economic Security Planning, Inc. is not an investment adviser registered with the U.S. Securities and Exchange Commission or any state securities agency, is not a registered broker-dealer and maintains no other regulatory credentials associated with the management of financial assets. Economic Security Planning, Inc. does not guarantee that the suggestions and recommendations derived from its software tools and planning services will necessarily achieve a secure economic plan. Like any software products, Economic Security Planning, Inc.'s software tools may have errors in its underlying code, and the assumptions about the future that it makes and that users input may prove false. In addition, output from the software tools and planning services may incorporate data obtained from third parties and such data (including any calculations that is based on such data) is provided on an “as is” basis. From time to time the output may contain errors that may be based upon, among other things, human data entry, aggregation and decompilation of data, processing of data through third party calculation engines and other processes that can give rise to errors. The company's financial plans and recommendations, including all of such plans and recommendations provided by its direct planning services, should be viewed as suggestive and informative educational inputs into your financial decision-making. None of our products or services recommend the purchase of specific financial products.

Design by Zymphonies

ESPlanner

Real Estate Primary Home Special

How to Model Mortgage Payoff following Sale of Rental Property

Your Living Standard

Help and Support

Learn More

Recent Press Articles

Case Studies

Other Products

You are here

Real Estate Primary Home Special

Your Living Standard

Help and Support

Learn More

Recent Press Articles

Case Studies

Other Products