Personal Finance

Day #2 and Mortgage Update

June 2nd was a zero spending day! It helped that I had a raging migraine and spent most of the day in a dark room. Nevertheless, for the first time in a while, no funds were spent by yours truly!

We are still on a early mortgage payoff plan that is projected to end in October 2022. Here are the updated numbers on our progress. Last Month for comparison:

Maturity Date on 5.3.2016 5/1/2035
Saved in interest payments on 5.3.2016 $8,203.62
Principal Balance as of 5.3.2016 $182,838.39
Length of time reduced from original loan 10 months

As of today:

Current Maturity Date as of 6.3.2016 2/1/2035
Saved in interest payments to date $10,788.22
Current Principal Balance $180,726.34
Length of time reduced from original loan 1 Year and 1 month

Slow and steady, I guess.

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