Our goal is to achieve Financial Freedom by December 2020; being mortgage free is part of that goal and every month I’m tracking our progress.
May 2011 mortgage stats:
- Original Mortgage: £138,485 (April 2006)
- Original term: 300 months (March 2031)
- Outstanding Balance: £112,925
- Paid off to date: £25,559
- Actual payments left: 230
- Months until goal date: 115 (31st Dec 2020)
- Original term reduced by: 8 months
Us vs. Bank: 18.46% vs. 81.54%
We’re continuing to make a small monthly overpayment of £57.66 until we’ve fully funded a £6k moving fund. When this is completed we will increase our overpayments.
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so jealous that you have a plan.
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