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That Reminds Me

February 5th, 2012 at 01:23 am

My mortgage payment hit, too. $84.99 went to interest. $290.87 went to principal. The remaining balance is $18,253.41. The next payment will put me under $18K.

I keep thinking about how the next time we have a mortgage things are going to change so dramatically. Having bought a house in 1998 when prices were low has meant a small and easily manageable mortgage payment for years. The very idea of having a mortgage of $1500 seems staggering in comparison.

Part of me thinks maybe we should just save longer for a downpayment. Although our current living situation can sometimes be annoying, it is doable for as long as we want to stay here. We could stay an extra year and save even more money for a down payment. Even when we do put our house on the market (hopefully this summer), there is no guarantee it will sell quickly or at all, so an extra year of saving may well be worth it. DH and I are beginning to talk about it. I guess we will see what happens.

2 Responses to “That Reminds Me”

  1. Amber Says:
    1328442194

    I probably would save the extra money, good luck

  2. rob62521 Says:
    1328452266

    Sounds like a tough decision since money isn't the only issue. Good luck!

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