Primary residence owe $280K , paying extra principal every month(2.5% interest rate)
Investment property 1 owe $165K , paying extra principal every month(3.5% interest rate)
Investment property 2 owe $130K , paying extra principal every month(4.125% interest rate)
Investment property 3 owe $80K , used HELOC(current variable rate 2.85%)
Edited to add:
WTF? My part of this post completely disappeared. Oh, now I'll never remember the pearls of wisdom that I imparted. Gaaahhhh!
Basically, it went something like this: Sorry for the slight topic hijack, but I do not see that anyone has called you out on the strategy outlined above. Why are you prepaying the fixed mortgages (IP1 & IP2) but not the variable one (IP3)?
This seems way less than optimal. And here's a facepunch for prepaying the primary residence that's at 2.5%. Unless of course, it's not fixed.
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Back on topic: No mortgage, but sold two houses with fixed mortgages and lots of equity to buy this one. It's a clown house, but it's what our family needs at this phase of our lives.
Edited (again) to add: Since I'm in the Bay Area, here are some comparative numbers just for grins. Custom-built (not for us) house is ten years old, 2625 sf, 10k sf lot, no pool, three car garage. Paid $928k on a short sale in 2013. It's overbuilt for the neighborhood, but not obnoxiously so. We knew the appreciation would be limited because of this,
but it's 3.5 blocks from DH's office. Since his mom and her pal, Al Z. Heimer, live with us, the peace of mind of having him nearby is priceless.