Rental Mortgage
Wells Fargo · owed by Example Holdings LLC · secured by Rental Condo
Interest only, 6 months leftFloating, SOFR
Balance
50% of Rental Condo's value
Rate
+1 point costs $3,536 a year
Payment
est.
a month, worked out from the terms; about $2,523 after interest-only ends
Interest a year
at today's rate and balance
Terms
As entered by the owner
- Rate type
- Floating, SOFR + 2.25%
- Borrowed
- $360,000 on Mar 1, 2024
- Interest-only until
- Jun 1, 2027
- Matures
- Aug 1, 2049
Where the money went
The trace decides what share of the interest is deductible; your own record.
of $360,000 borrowed on Mar 1, 2024
- $220,000 on Mar 4, 2024 · Investment → Fidelity Brokerage ...4417 · Wire to brokerage, invested in index funds
- $140,000 on Jun 10, 2024 · Investment → Fidelity Brokerage ...4417 · Second draw, invested
Demo mode: a fictional trace, read-only.