re: What to do with $250K

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Everything is paid off except a mortgage that is just under 4%. I owe $190K on the House and my monthly note is $1,498.

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The mortgage has 20 years remaining on it so it’s not like I’ll pay it off any time soon.

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I refinanced several years back and now have 25 years remaining on the mortgage. In other words, I’ll never pay it off.

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So do you have 20 years to remaining on the mortgage or 25 years?

Either way, with a < 4% rate, the mortgage payments should be well less than $1498.00 per month, at least $350.00 less per month.

So unless you're using your monthly escrow (e.g., PMI which can likely be dropped if you have it; homeowner's insurance which you'll have to pay anyways; and/or property taxes which you'll have to pay anyways), the figures don't add up.