I can see the point when using a password manager, though it's typically overkill, but please be aware that forcing memorized secrets to be changed arbitrarily (e.g. time-based) is recommended not to do in the updated guidelines from USA's NIST, UK's NCSC, Microsoft, and others based on research into what effect it has on password quality.
But the expectation is that something does change (the 2fa). If you use this system without a second factor then a hash breach screws you. And if you do have a second factor then this system achieves almost nothing.
I can see the point when using a password manager, though it's typically overkill, but please be aware that forcing memorized secrets to be changed arbitrarily (e.g. time-based) is recommended not to do in the updated guidelines from USA's NIST, UK's NCSC, Microsoft, and others based on research into what effect it has on password quality.