They choose to receive $250,000 as a lump sum to immediately invest
in Mike’s business and fund 3 years of Sara’s tuition and living expenses.
The remaining $543,245 will be disbursed to Martin and Barbara’s alma
mater as they desire over the next 10 years.
Illustration is for educational purposes only and reflects a home value of $1,850,000 with an initial interest rate of 9.74% and expected interest
rate of 9.74%. Closing costs are $17,570 ($0 for Mortgage Insurance Premium, origination fee is $0, and other costs $4,105). Rate quote generated
on 2/15/2023.
