<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Mortgage

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!!!)


Posted in Mortgage | 5 Comments »

5 Responses to “Mortgage”

  1. creditcardfree Says:
    November 13th, 2012 at 01:42 am 1352770978
    1352770978

    That's great! Always love less interest.

  2. Beawealthywarrior Says:
    November 13th, 2012 at 01:43 am 1352771022
    1352771022

    Awesome!!

  3. TexasDisneyGirl Says:
    November 13th, 2012 at 02:00 am 1352772051
    1352772051

    Yay!

  4. snafu Says:
    November 13th, 2012 at 03:17 am 1352776631
    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:
    November 13th, 2012 at 07:29 am 1352791762
    1352791762

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

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]