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Deductions & credits
not saying your wrong, but there was no implications about making any monthly payments. Only thing that was mentioned in the question was a 'balance' of the (1 not 2) mortgage on the old home. There was a Balance of $255,356 in January to 'Payoff' the Homestead. Next stated was the payoff amount that he PAID to completely pay off the mortgage, not his monthly payments. If you're to assume that he is paying monthly payments, then you would simply have to subtract - the amount that he paid to PAYOFF the (1) mortgage . Now you have the total Assumed payment that was paid...not including the amount that was paid at close to payoff the (1) mortgage. Divide ÷ that number by 12 and now you have the average amount paid monthly. If payments were made monthly and still had a balance at the last date that he paid to close then must have only paid monthly payments totaling around $5'620. 🐐