Progress to Date

  • Original Loan Amount: $204,000.00
  • Balance at Beginning of 5-year Goal (1/1/08): $188,983.82 @ 6.00%
  • Balance at Refinance in February 2009: $148,000.00 @ 4.625%
  • Outstanding Balance: $0.00 (PAID IN FULL!!!)
  • Latest Payment Date: April 2011
  • Latest Additional Principal Amount: $17,623.22
  • Amount Ahead of Schedule (since refinance): $121,462
  • Time Ahead of Schedule (since refinance): 7 years 10 months
  • Interest Saved Last Month: $23,972.48
  • Total Interest Saved: $28,435.55 ($1,037.74 on original mortgage; $27,397.81 on current mortgage)
  • Months Remaining in 5-year Goal: 20
  • Average Monthly Principal Needed to Meet Goal: N/A (Goal achieved)
  • Progress List Explained

Sunday, December 6, 2009

Our Old Devices Still Work

Want to pay off your mortgage early? Reject the mindset satirized in this article from The Onion. Then use the leftover cash to pay down your mortgage principal.

2 comments:

RainyDaySaver said...

Love The Onion -- satires like this one make excellent points. Was having this discussion with my mother-in-law not 3 hours ago. We couldn't understand those who have to have the newest, latest technology. It'll just be outdated the minute you purchase the "device." (Typed from my six-plus-year-old desktop computer, which is still running Windows XP.)

Middle Way said...

D is a huge fan of The Onion. We have a few volumes of it on our bookcase.

Like your last commentator, the article made me think of my recent research into netbooks, just because they are new technology.