I thought I’d share the boring details of our mortgage so you know what we are working with. Here’s the current original loan information:
|Original Maturity Date
|Original Principal Balance
|Amount scheduled to pay in interest
Now for the fun data! Each month, I hope to calculate how I am doing in my plan to repay the mortgage. Here’s where I am currently. The estimated interest is hard to figure out because my loan doesn’t have an easy way to calculate how much interest I am supposed pay. I’m sure they don’t want people to realize how much it is!
|Current Maturity Date as of 3.16.2016
|Estimated Interest saved to-date
|Current Principal Balance
|Length of time reduced from original loan
|Amount of principal paid to-date
Hopefully I can stay motivated and achieve this goal!