Is this a reasonable plan for paying?

ipepper94
Mon, 01 Aug 2011 09:22:02 +0000

We recently refinanced so we have zilch home equity. And I included the mutual funds in there as well, and it came out that way. In case your wondering, the combined salary of both my parents is 130k per year. I mean I hope I’m calculating the home equity right, but basically we paid $160,000 for the house, but its worth $280,000 now according to a recent assessment value. However, the refinance loan we got a couple months ago is for $174,000. On the calculator it says not to put assessed value though, plus I don’t think we technically have any equity anymore because of that refinance. Am I right?