A little different this month: Position F adds a $65000 Home Equity Line of Credit! Positions J and K switch! New Position J takes out a $65000 line of credit!
As there is 57,382.51 difference between fifth and seventh ranked property in the equity sort, I am predicting with low certainty that Position F will remain in sixth place for equity sort dollars. The equity sort for percent is less certain with Position C at 46.31% and Position J (was K) at 50.99%.
Positions are ranked in descending order of mortgage owed. Position A has $372918.54 (estimated) left to pay on the mortgage, and $166919.46 equity (estimated).
Position B: 4 bdr house, Seattle. Purchased 2002. $338160.64 (estimated) owing.
Position C: 2 bdr condo, Seattle. Purchased 2006. $333820.75 (estimated) owing.
Position D: 3 bdr house, Seattle, purchased 2006. $325571.50 owing (estimated).
Position E: 3 bdr condo, Seattle. $287335.15 owing (estimated).
Position F: 3 bdr condo, Kirkland. Purchased 2002 (?). $240631.46 owing (estimated). Estimating 40% of HELOC used.
Position G: 3 bdr house, Bothell. $205176.84 owing (estimated). Purchased 2006. First time in a decade valued above house sale price. Accelerated mortgage.
Position H: 4 bdr house, Shoreline, purchased 2010. $180907.62 owing (estimated).
Position I: 4 bdr house, Seattle. Purchased 2000. $168041.54 (estimated) owing.
Position J: 2 bdr condo, Seattle, purchased 1998. $115774.78 owing (estimated).
Position K: 4 bdr house, Mountlake Terrace, purchased 1999. $112806.32 owing (estimated).
Position L: 3 bdr house, Seattle, purchased 1999. $85475.82 owing (estimated).
Equity $ sort:
J,D,G,A,E,F,B,K,C,H,I,L
Milestones: $275K position C. $375K position I. $300K position H. Everyone has six-digit equity. Six have equity < $200,000. Five above $200K. Two above $300K. C and the K formerly known as J have switched positions; E has edged beyond A, following F.
Equity % sort:
D,A,E,B,F,G,C,J,H,I,K,L
Everyone has equity above 25%. Otherwise, no change.
Milestones: Position A has 30% equity; B 40%; K - 70%; C - 45%; E - 35%; G - 40%;
Mortgage $ sort:
F,D,J,H,A,E,K,C,L,I,B,G
New mortgage means starting at 0. F relinquishes sixth highest mortgage paid status for twelfth. No big milestones yet. Little milestone: $55K mortgage paid (3rd mortgage) for Position L.
Mortgage % sort:
F,D,A,J,E,C,H,K,B,I,G,L
no milestones here. Again F is lowest. Positions C and H are very close to each other.
The letters in red indicate positions who've borrowed more money than the amount their house originally sold for.
Principal $ sort:
A,B,J,F,D,E,I,K,L,G,H,C
No big milestones yet. C has paid $245000 in mortgage. Three minimilestones in the next two months, one big one to come.
Principal % sort:
B,A,J,F,D,E,I,G,C,K,H,L
No change, no milestones. Paying off 5% of the principal when the average property sale price is $296563 and the average principal monthly payment is $713.50 takes over twenty months for most properties, except those with accelerated mortgages.