Do you still have your student loan? if so he would be responsible for 1/2 of that at valuation date.
How old are your children? Is the issue of child support still applicable?
The matrimonial home is an interesting thing. You each have a right to it. 1/2 of it is yours and half his. His 40 000 would be his buyout - assuming you are keeping the house? you would have 40000 in equity still. Or if you sell - you and him will have the same amount.
Also keep in mind that spousal support is tax deductable- your 1000 a month would be more like 700 a month ( I don't know what your tax bracket is off hand)
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