KILL My Mortgage!!!

This page will summarize my mortgage payments and over-payments (in percentages) as I kill my mortgage!

*****

I purchased my home in December 2012.  Following an aggressive pay-down schedule, I paid off approximately 33% (okay 32.95%) in 3 years.  With the start of this blog in January 2016, I have made the firm decision to slow down the over-payments in order to invest funds into the stock market (diversification!) and to save $$$ for my Rewire-in-10 goals.

Target Pay-off Date is December 2025 - i.e. 13 years door-to-door (17 years early).


Balance Remaining as of 1/1/2016:  67.05%
Balance Remaining as of 12/31/2016:  59.74%
Balance Remaining as of 12/31/2017:  51.95%
Balance Remaining as of 3/31/2018:  50.73%

Payments made: 
January 2016:  0.20% over-payment + 0.25% required payment
February 2016: 0.20% over-payment + 0.25% required payment 
March 2016:  0.20% over-payment + 0.25% required payment 
April 2016: 0.51% over-payment + 0.26% required payment
May 2016: 0.20% over-payment + 0.26% required payment
June 2016: 0.46% over-payment + 0.26% required payment 
July 2016:  0.25% over-payment + 0.26% required payment
August 2016:  0.38% over-payment + 0.26% required payment
September 2016:  0.40% over-payment + 0.27% required payment
October 2016:  0.25% over-payment + 0.27% required payment
November 2016:  0.25% over-payment + 0.27% required payment
December 2016:  0.88% over-payment + 0.27% required payment
January 2017:  0.51% over-payment + 0.27% required payment
February 2017: 0.60% over-payment + 0.28% required payment 
March 2017:  0.70% over-payment + 0.28% required payment
April 2017:  0.98% over-payment + 0.28% required payment
May 2017:  0% over-payment + 0.28% required payment
June 2017:  0.26% over-payment + 0.28% required payment
July 2017:  0.26% over-payment + 0.28% required payment
August 2017:  0.26% over-payment + 0.28% required payment
September 2017:  0% over-payment + 0.29% required payment
October 2017:  0% over-payment + 0.29% required payment
November 2017:  0.80% over-payment + 0.29% required payment
December 2017:  0% over-payment + 0.29% required payment
January 2018:  0.03% over-payment + 0.29% required payment
February 2018: 0% over-payment + 0.29% required payment

March 2018: 0% over-payment + 0.29% required payment