At the end of July, our remaining balance is at 32.7% of our original mortgage that we took out in 2007. That’s a reduction of 2.32%.
How much longer?
Once all of July’s payments are applied, we’ll have reduced our mortgage balance by about $3158 this month. We’re marching towards $40k and will be there by October 1. We’ve only got 14 payments left! That means our mortgage will be paid off on October 1, 2018.
Luckily, these numbers are all using conservative estimates so it should happen unless something tragic or extraordinary occurs. I’ve also started doing travel planning as a way of bringing in extra income and doing something I enjoy (talking about Disney). You can get more information here: https://www.facebook.com/AdamOUAV/ I’d be happy to help you plan your next vacation.
I’ll be continuing the series that covers our budget. The next category we’ll be covering is fuel. It doesn’t sound exciting, but might be of interest to many of you.
Photo by Got Credit