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Homestead — Financials

Funding the Move

Financials

Live equity from the Home Payoff tab, against the Phase 0+1 target budget.

Live Equity Snapshot

Home Value
Mortgage Balance
Current Equity

Target Budget — Phase 0 + 1

Land purchase plus a starter structure built as a future outbuilding, inflation-adjusted with a 15% contingency.

Target Range
$565,000 – $620,000
Remaining Gap

Timeline Scenarios

Monthly amount needed to close the gap, recalculated live from current equity.

This treats the whole gap as new cash needed — it doesn't net out the equity that builds on its own from normal mortgage paydown and home appreciation over the horizon. That makes it a conservative overestimate (safer to over-save than under-save), not a precise figure.

Strategy

Closing the gap through aggressive extra mortgage principal payments — a predictable, risk-free return — rather than a separate savings account. A small liquid buffer (10–15% of the gap) is kept on the side for closing costs.

A 401(k) first-time-homebuyer exception doesn't apply here (not a first-time buyer). A 401(k) loan is the realistic penalty-free fallback if ever needed, but it isn't the primary plan.