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Updated over 13 years ago, 07/06/2011
Need help analyzing this, please.
I refinanced House A to get $$ to buy House B. Total Loan amount was $375K, I owed $88K on House A and now have $287K to buy House B. Since House A is covering the entire new mortgage payment should I exclude any mortgage amount when doing my analysis for House B which I have not yet purchased? Or, should I include a percentage of the mortgage amount toward House B?
Any thoughts from experienced investors would be appreciated.