Mortgage Information

Wanted to provide a bit more background on our finances, & specifically our mortgages. Note that we own 2 properties (our primary residence) & a vacation home.

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:
$329,294.61


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.

Liabilities:

• 401K loans
• 3 mortgage loans (noted above)

Assets:

• 2 properties
• 401Ks
• Stock awards on 5 year vest (both of us)

Current Net Worth:
$628,101