Tuesday, July 29, 2014

Mortgage Update for July 2014

Another extra payment!  This is my favorite day of the month.  $1,500 extra towards the principle which brings the total to $55,318.  Only 3 years and 2 months to go!  If I keep up the $1,500 payments it will be paid off a little faster than that.  3 years and 2 months is based on a more conservative $1,200 extra a month.  I wanted to leave some room for unexpected expenses (like when the heat drives me crazy and I buy an air conditioner.  No.  I can make it.  80 degrees inside isn't that bad, right?).  Right now I am focused on the mortgage and not on other expensive home improvement projects.  I can do this!


Dave said...

Ah, I feel a deja vu attack. It was only 3 years ago that you were counting down the payoff of your rental house's mortgage.

I remember when I paid off my $54,000 mortgage in 1997-98. It was not the slow burn you had but instead a few large chunks leading up to its final payoff of about $6,600 in early 1998.

But, as I am sure you will agree, it is not the journey but the destination!

Lizzie@her MFW Homeworld said...

You can do it!

Daizy said...

Yes, Dave, I seem to only be motivated by mortgages. What will I do when this one is gone?

Daizy said...

Thanks, Lizzie! One month at time. It would go faster if I quit all my hobbies and watched more tv. hahaha.