I ran the numbers on my house mortgage today. Right now the balance is at $35,960, which means if I were to make no extra payments, just regular payments, I would have just under 11 years and 7 months worth of payments to make.
Of course, I always pay an extra $24.14 each month for a grand total of $400 each month. So I know it will be less. I wish I could find an amortization calculator that would show the difference of making that extra principal payment each month. I'd like to know just how much sooner it will be paid off.
My House Mortgage
October 17th, 2006 at 01:58 am
October 17th, 2006 at 08:02 pm 1161115357
http://allthingsfinancialblog.com/Calculators/LoanBalanceCalculator.htm