House Mortgage -- Countdown

[Randomsaver]

House Mortgage Debt . . . count it down.

I've a long waaaaaays to go . . 10 years including this year is my target.

Mortgage Principal : $207K

[Randomsaver]

Mortgage Principal : $62K

[james.hendrickson]

We've got $321,417.50 left after our September check clears. It is still a lot to pay down, but not as much as the $347,000 I owed back in 2016.

[greenskeeper]

September payment...$90k left

[bjl584]

Congrats Steve

[james.hendrickson]

Disneysteve - massive, massive win. Congratulations.

[disneysteve]

I just did a wire transfer for $1,708.72 which is the payoff amount given to me this morning. They would accept either a wire transfer or a certified check. There was a $10 fee for doing the transfer but I'm sure there would have been a fee for a certified check also. It would have been $30 for same day so I went with the next day option for $10. The payoff figure is good until Wednesday so that's still within the window and saved me $20.

So as soon as I get confirmation from the mortgage company, we will be mortgage-free and, for the first time in our adult lives, 100% debt-free!

[Jluke]

August 2019: 185,000.18

.

Sep 2019: 184,500

yawn....

[Randomsaver]

I made what I think should be the next to last mortgage payment today. It won't process until Monday so I don't have the fresh balance yet. In a month, I'll call the company for a final payoff amount. I know that differs somewhat from the statement balance.

I already kind of planned something to celebrate the impending payoff. My wife and I are going away for 4 days/3 nights at the beginning of November. I splurged on a premium room at a resort we like in Maryland. The package price comes to about $1,500 for the 3 nights but I figure we've been paying more than that each month on the mortgage the past year. We won't have a payment in September or October (or ever) so that savings will easily pay for the trip. I'm looking forward to my debt-free post in about a month.

I'm jealous but in a good way! Great job and happy for you disneysteve!

[disneysteve]

It occurred to me today than when we pay off the mortgage, we will get back the balance of our escrow account. Obviously, that isn't free money as we will need it to pay future taxes but still, it will be in our account instead of theirs. I just ran the numbers and the ending balance should be right around $2,900 which is about $1,050 more than the next tax payment which isn't due until October.

[disneysteve]

August 1 payment made yesterday.

New balance: $1,662.09

When we get back from vacation next month, I will give them a call and arrange the final payment!

[scfr]

Mortgage Principal : $67K

2/3 paid off in a little over 5 years when your goal was to get it paid off in 10. Nice!

[Keshet]

I made what I think should be the next to last mortgage payment today..

Congrats!

[MooseBucks]

i made what i think should be the next to last mortgage payment today. It won't process until monday so i don't have the fresh balance yet. In a month, i'll call the company for a final payoff amount. I know that differs somewhat from the statement balance.

I already kind of planned something to celebrate the impending payoff. My wife and i are going away for 4 days/3 nights at the beginning of november. I splurged on a premium room at a resort we like in maryland. The package price comes to about $1,500 for the 3 nights but i figure we've been paying more than that each month on the mortgage the past year. We won't have a payment in september or october (or ever) so that savings will easily pay for the trip. I'm looking forward to my debt-free post in about a month.

congratulations!

[Jluke]

July 2019: $185,517

No extra paid this month either.

August 2019: 185,000.18

some extra this month to get the (almost) even balance.