Our goal is to be financially independent by December 2020; being mortgage free is part of that goal and every month I’m tracking our progress.
1. Still to pay 2. Paid off to date
We didn’t make any over payments this month as we’re saving for two new windows on our house and the initial expenses of our move abroad.
February 2011 mortgage stats:
- Original Mortgage: £138,485 {April 2006}
- Original term: 300 months
- Outstanding Balance: £114,392
- Paid off to date: £24,093
- Actual payments left: 233
- Months until goal date: 118 {31st Dec 2020}
- Original term reduced by: 8 months
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{ 1 comment… read it below or add one }
That’s a great bullet list you have there. Keep whacking at that mortgage debt!
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Laura Reply:
February 12th, 2011 at 7:03 am
@Executioner Thank you! With the current interest rate at least we’re reducing the principal quite well, for now!
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