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So here are the numbers.
House value at last refi was $320g
We owed $160g
Total equity in the home $160g
If we sold the home and split the proceeds at that price we both would have got $80g
Say the house get appraised at $320 again for this next cash me out refi
We owe $190g
Total equity in home is $130 now
My cash out would be $65g because I get have of the equity in the home.
If we never did the first refi we both would have $80g but since we did we both get $65g
She feels like I owe her 15g but I am telling her I am getting 15g less for my cash out so it’s a wash.
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