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House Mortgage -- Countdown

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    Originally posted by Nutria View Post


    Create a spreadsheet with 12 tabs.

    This -- and a similar spreadsheet I use as a forward looking check register -- has been a real boon to our financial stability.
    Thanks for the feedback... I do something similar in Quicken with tracking my other expenses that I save up for during the year so it subtracts from my "savings".

    My biggest challenge with the mortgage is patience. I am on track to pay it off in 2019... or 2018... I could pay it off now, but I'd be cash poor, house rich.

    Comment


      Originally posted by Jluke View Post
      I made my February payment; $2000 instead of the planned $1200; so $1100 extra.

      February 2016: $50,109

      Not sure yet what I'll do for March payment... or beyond. I can't seem to stick to a plan.

      Haha. But this is THE kind of deviation from the plan that we'd rather have!

      Good for you!
      Kill the debt, before it kills you!

      Comment


        Originally posted by Randomsaver View Post
        Above post was from 6/6/2015.

        My monthly interest expense went down from $420 on 6/1/2015 to $375 for 10/1/2015. That is $45 payment swing to the side of principal reduction.
        My monthly interest expense went down from $375 on 10/1/2015 to $338 for 1/1/2016. That is $37 payment swing to the side of principal reduction.
        Kill the debt, before it kills you!

        Comment


          Current mortgage is finally under $200K.

          We are selling our house this Spring and with the equity of this house, we plan to get a loan under $150K.

          Then we can be on a better countdown.

          We currently have 12 years left on this current mortgage.

          Comment


            Originally posted by Randomsaver View Post
            Focused Debt : $16K
            Focused Debt : $15K
            Kill the debt, before it kills you!

            Comment


              Originally posted by Jluke View Post

              February 2016: $50,109
              March 2016: $48,229 (2k again)

              Comment


                After Feb payment 90,713
                Only 77 payments left! If I wait that long.

                Comment


                  Originally posted by Jluke View Post
                  March 2016: $48,229 (2k again)
                  Originally posted by tqf258 View Post
                  After Feb payment 90,713
                  Only 77 payments left! If I wait that long.
                  Nice to see them coming down!
                  Kill the debt, before it kills you!

                  Comment


                    Originally posted by Randomsaver View Post
                    Focused Debt : $15K
                    Focused Debt : $14K

                    Happy Hearts Day!

                    Paying down mortgage is good for the heart.
                    Kill the debt, before it kills you!

                    Comment


                      Originally posted by Goldy View Post
                      I just crossed the 200k mark which is pretty exciting to me. Started with a balance of 262,500 in 2011 and is now down to 199,653 as of today. Currently paying an additional 1200/mo and hoping to get it paid off in 5-6 more years.
                      Down to 177k but am starting to have a change of heart in the old invest vs pay off mortgage debate so I am reducing my extra principle in order to invest more.

                      Comment


                        $42,724.77 prior to today's payment.
                        Steve

                        * Despite the high cost of living, it remains very popular.
                        * Why should I pay for my daughter's education when she already knows everything?
                        * There are no shortcuts to anywhere worth going.

                        Comment


                          as I glanced at your figure, I jumped to the conclusion you'd bought a car If it were the focus of your financial attention could it be gone by the time DD graduates?

                          Comment


                            Originally posted by snafu View Post
                            as I glanced at your figure, I jumped to the conclusion you'd bought a car If it were the focus of your financial attention could it be gone by the time DD graduates?
                            I assume that was directed at me.

                            What made you think I bought a car?

                            No, we can't pay off the mortgage by the time DD graduates in 2018. We just don't have the cash flow to do that, although if I do change jobs, our situation will improve considerably so who knows.
                            Steve

                            * Despite the high cost of living, it remains very popular.
                            * Why should I pay for my daughter's education when she already knows everything?
                            * There are no shortcuts to anywhere worth going.

                            Comment


                              Originally posted by Randomsaver View Post
                              Focused Debt : $14K

                              Happy Hearts Day!

                              Paying down mortgage is good for the heart.
                              Focused Debt : $13K
                              Kill the debt, before it kills you!

                              Comment


                                snowstorm O/T this month allowed for a "double payment", knocked $2k off the principal which is nice...down to $163k
                                Gunga galunga...gunga -- gunga galunga.

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