I live, write, and garden in the PNW with my husband of 30 years, disabled daughter, autistic son, and my 85-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!I made the mortgage payment today of:
$375.86 regular payment
+ 24.14 extra principal payment
--------
$400.00
Mortgage balance is now at $32,251.24.
I am just short of having made the 71st payment by $62.16.
That means I have 109 payments to go plus $62.16.
I have 9 years, 1 month and $62.16 left to payoff my mortgage.
I always pay $24.14 extra, and on occasion will pay $124.14 extra over the years, so it will be less time than that, actually. But putting it out like this helps me keep track.
If I never made another extra principal payment between now and the end of the loan I should have it paid off by 2016. I am planning to have it paid off earlier than that of course, my daughter starts college in the fall of 2014 and it should be paid off well before then.
Mortgage Update
January 6th, 2007 at 05:13 am