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Mortgage

November 13th, 2012 at 01:34 am

Good news for the first time ever this month more than half of the pay of our normal monthly mortgage payment went to principal.

October payment = $1218
Interest = $609.45
Principal = $608.55 (it was so close to it last month)


November payment = $1218
Interest = $595.48
Principal = $622.52 (YEAH!!!)


6 Responses to “Mortgage”

  1. creditcardfree Says:
    1352770978

    That's great! Always love less interest.

  2. Beawealthywarrior Says:
    1352771022

    Awesome!!

  3. TexasDisneyGirl Says:
    1352772051

    Yay!

  4. snafu Says:
    1352776631

    Good on you for tracking how much of your monthly payment goes to principal and how much each year goes to interest. Unless they itemize tax deductions, most people are unaware of how much interest is paid during the 1st half of the mortgage term.

  5. LuckyRobin Says:
    1352791762

    I love that tipping point. It is so exciting when it happens.

  6. Momma and the boys living on budget Says:
    1352805975

    woo hoo that is great news

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