1) $2 million cash
• $435,000 from “mortgage” savings
• $500,000 mid-2026 gift
• $1.065 million raised
2) $4.5 million loan (over 20 years at 5.8%)
• New monthly mortgage payment of $31,800
• Previous monthly mortgage payment for old loan was $14,500
• Previous annual voluntary balloon payment of $100k = $8,300/month
• $14,500/m + $8,300/m = $22,800/m