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My House Mortgage

October 17th, 2006 at 02:58 am

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.

1 Responses to “My House Mortgage”

  1. LdyFaile Says:
    1161115357

    This might help. Though I don't know if it works as well for mortgages.

    http://allthingsfinancialblog.com/Calculators/LoanBalanceCalculator.htm

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