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AssumptionsChild 1Child 2Inflation adjusted tuition costs
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Current dateMay 2019YearAgeTuition (Nominal value)Tuition (Present value)AgeTuition (Nominal value)Tuition (Present value)Elementary school cost (Inflation adjusted)Middle school cost (Inflation adjusted)High school costs (Inflation adjusted)
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Discount rate4.25%20190$0$0-3$0$0$29,540.00$32,270.00$41,985.00
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Current cost of elementary school$29,54020201$0$0-2$0$0$30,721.60$33,560.80$43,664.40
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Current cost of middle school$32,27020212$0$0-1$0$0$31,950.46$34,903.23$45,410.98
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Current cost of high school$41,98520223$0$00$0$0$33,228.48$36,299.36$47,227.42
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Average growth in tuition 4%20234$0$01$0$0$34,557.62$37,751.34$49,116.51
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Current age of Child 1020245$0$02$0$0$35,939.93$39,261.39$51,081.17
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Current age of Child 2-320256$37,378$29,1183$0$0$37,377.52$40,831.84$53,124.42
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Home 1 (Purchase price)$1,700,00020267$38,873$29,0484$0$0$38,872.62$42,465.12$55,249.40
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Home 2 (Purchase price) $1,260,00020278$40,428$28,9785$0$0$40,427.53$44,163.72$57,459.37
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Mortgage interest rate4.25%20289$42,045$28,9096$42,045$32,753$42,044.63$45,930.27$59,757.75
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202910$43,726$28,8397$43,726$32,675$43,726.42$47,767.48$62,148.06
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Output203011$45,475$28,7708$45,475$32,596$45,475.47$49,678.18$64,633.98
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Child 1: Tuition (Nominal value)$730,289203112$51,665$31,3549$47,294$32,518$47,294.49$51,665.31$67,219.34
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Child 1: Tuition (Present value)$428,914203213$53,732$31,27810$49,186$32,440$49,186.27$53,731.92$69,908.11
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Child 2: Tuition (Nominal value)$821,476203314$55,881$31,20311$51,154$32,362$51,153.72$55,881.20$72,704.44
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Child 2: Tuition (Present value)$482,470203415$75,613$40,50012$58,116$35,268$53,199.87$58,116.45$75,612.61
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Total: Tuition (Nominal value)$1,551,765203516$78,637$40,40313$60,441$35,184$55,327.87$60,441.10$78,637.12
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Total: Tuition (Present value)$911,383203617$81,783$40,30614$62,859$35,099$57,540.98$62,858.75$81,782.60
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Price savings between Home 1 and Home 2$440,000203718$85,054$40,20915$85,054$45,557$59,842.62$65,373.10$85,053.91
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Difference in initial cash flow between Home 1 and Home 2 (after MID) $ 2,595 203819$016$88,456$45,448$62,236.32$67,988.02$88,456.06
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203920$017$91,994$45,339$64,725.78$70,707.54$91,994.31
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204021$018$95,674$45,230$67,314.81$73,535.85$95,674.08
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204122$019$0$70,007.40$76,477.28$99,501.04
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204223$020$0$72,807.70$79,536.37$103,481.08
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204324$021$0$75,720.01$82,717.83$107,620.33
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204425$022$0$78,748.81$86,026.54$111,925.14
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Total $730,289$428,914$821,476$482,470
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