August 2017 – Mortgage Payoff Update

At the end of August, our remaining balance is at 30.48% of our original mortgage that we took out in 2007. That’s a reduction of 2.22%. How much longer? Once all of August’s payments are applied, we’ll have reduced our mortgage balance by about $3020 this month. We’re marching towards $40k and will be there by October 1. We’ve only…

July 2017 – Mortgage Payoff Update

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…

June 2017 – Mortgage Payoff Update

At the end of June, our remaining balance is at 35.02% of our original mortgage that we took out in 2007. That’s a reduction of 2.21%. How much longer? Once all of June’s payments are applied, we’ll have reduced our mortgage balance by about $3002 this month. We’re finally below $50k and marching towards 40k. We’ve still got 15 payments left! That…

May 2017 – Mortgage Payoff Update

At the end of May, our remaining balance is at 37.23% of our original mortgage that we took out in 2007. That’s a reduction of 2.68%. How much longer? Once all of May’s payments are applied, we’ll have reduced our mortgage balance by about $3648 this month. We’re almost below $50k. Currently, with the new monthly figures in place, we’ve still…

April 2017 – Mortgage Payoff Update

At the end of April, our remaining balance is at 39.91% of our original mortgage that we took out in 2007. That’s a reduction of 1.15%. How much longer? Once all of April’s payments are applied, we’ll have reduced our mortgage balance by about $1558 this month. That means we’ve broken through the $55k barrier. Currently, with the new monthly…

March 2017 – Mortgage Payoff Update

At the end of March, our remaining balance is at 41.06% of our original mortgage that we took out in 2007. That’s a reduction of 1.50%. How much longer? Once all of March’s payments are applied, we’ll have reduced our balance by about $2050 this month. That means we’ve broken through the $56k barrier. Currently, with the new monthly…

February 2017 – Mortgage Payoff Update

At the end of February, our remaining balance is at 42.94% of our original mortgage that we took out in 2007. That’s a reduction of 2.74%. I had a little extra from the side business that I applied to it this month and now I have a clear idea about how much extra I’ll be able to apply from…

January 2017 – Mortgage Payoff Update

At the end of January, our remaining balance is at 46.1% of our original mortgage that we took out in 2007. We had some extra money to apply towards it this last month since I had stockpiled a bit during a job transition. I ended up deciding that now was a good time to apply it to the…

December 2016 – Mortgage Payoff Update

A quick update on the mortgage payoff: at the end of December, we’re at about 48.6% remaining from our original mortgage that we took out in 2007. I won’t give an update on how many remaining months we have left at this point because we’ve got a couple of things that are changing that will…

Mortgage Payoff Update

A lot of things have changed since the last update on the mortgage. Certain assumptions that we had made in the last mortgage payoff calculation are no longer valid, and there are new numbers to consider. After running the calculations, it appears we’ve got about 33 months left before the house is completely paid off. I’m hoping…