As of August 11, 2014, we are $429,666.44 in debt (that includes the mortgage). Without the mortgage, we’re at $16,000 in debt from our auto loan. We currently have $1,049,072.86 in assets (including our house). Our retirement accounts are at $389,802.48. Our Net Worth is $619,406.42 (includes house and mortgage), down from $626,585.42 last month (1.15% decrease).
Until our house is on the market, I’m continuing to use Zillow’s estimate of our house – which is pretty wildly off: ~$617k vs the ~$540k we expect to list at. I’m not ready to take that hit to my net worth yet, but that’ll come next month. Hopefully, we’ll have a contract this time next month, and on our way to being “home” less.
Daughter Person and I are living at my mom’s, and Dad will be joining us on Wednesday. The house is as ready as it’s going to be for listing and showing. We likely won’t be back until we have a contract. The garage looks like a personal storage facility, but I’m not paying extra to store stuff we’re moving, just to pay the moving company even more to retrieve it from that location. They can just pick it up from the garage.
We’ll be able to pay the movers in stages: moving into storage, storage by the month (1st month free!), then moving from the DC area to our new home in Pittsburgh – once we have one. So, hopefully, we won’t need to borrow from our line of credit. My mom’s generosity is astounding to let us live here rent free. She’s still refusing to let us buy groceries, but I snuck a few into the fridge and cabinets this evening.
Debt (in the order we’re paying it down):
- Line of credit (8.75%): $0.00
- Chase (4.99% for life): $ 0.00
- Student loans (aggregated 4.21%): $0.00
- Car loan (0%): $16,000 (-500.00)
- Mortgage (4.125%): $ 414,666.44 (-711.30)
Total paid off in July: $1,211.30