Their home, which was purchased in 2017 for $330,000, is currently assessed for property taxes at $720,000, but they believe they could sell the home for $780,000. The aggregate property taxes run 0.8003% of taxable value annually. The original mortgage was $264,000 financed for 30 years at 4.0% fixed. They have made 70 monthly payments on their mortgage. The monthly mortgage payment for principal and interest is $ and the current mortgage balance is $ The annual cost of their homeowner's insurance is $1,750. They estimate that their home furnishings and other personal belongings have a current market value of approximately $83,000