Mortgage Payments
Apr 06 2021
I started with a $350k loan at 3.875% interest, 3-year fixed rate. $1645 per month payments.
I pay $2k per month and after 3-1/4 years my mortgage is down to $314k. If I stick with this it's another 18-1/4 years to pay off, which would mean I'm 68+ and I'd like to pay off before I retire.
At $2100 per month it's 17 years and at $2200 per month it's 16 years. My dream is paying $2500 per month which would pay off my mortgage in 13-1/2 years.
I pay $2k per month and after 3-1/4 years my mortgage is down to $314k. If I stick with this it's another 18-1/4 years to pay off, which would mean I'm 68+ and I'd like to pay off before I retire.
At $2100 per month it's 17 years and at $2200 per month it's 16 years. My dream is paying $2500 per month which would pay off my mortgage in 13-1/2 years.