My brother did the exact same thing to his KDX. Go to the Auto parts store. There is a car part that looks like a rubber cap. It's the perfect diameter to fit over the hole. The thing costs about a $1.50. Just slip the cap over the hole and seal it will a little silicone seal. Then, you don't have to wory about mud or water, and you can still take the thing off and put a new cable on if you decide to do so later.
Sorry that I don't know what these little rubber caps are called, but at least you know that they exist and that you should be able to get them from an auto-parts store.
Good luck.