We live in a very HCOL & have a relative fixer upper.
For our primary residence, we have a first & second mortgage & owe the following:
First - $565,354.19
Second - $189,801
Total for primary residence = $755,156
For our vacation home, we have one mortgage:
Both homes are worth more than we owe. The primary residence has about $250,000 of equity. The vacation home is a new purchase (last winter), so we paid off enough to ditch the PMI, & it currently has about $25K of equity.
I'm going to try & keep an net worth tracker monthly as well. I'll start with this month, so I'll have a baseline.
- 401K loans
- 3 mortgage loans (noted above)
- 2 properties
- Stock awards on 5 year vest (both of us)