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June 2012 Mortgage Payment

June 3rd, 2012 at 05:27 pm

June 2012 Mortgage Payment

Balance $127,750.00
+$292.76 Interest
+$319.07 Escrow
-$1537.95 Regular Payment
-$273.88 Principle Payment($150 change, $15 recycling)
New Balance $126,550.00

We didn't have to pay the mortgage in April or May due to the refinance. April's $1500 I put in savings for a new car. May's $1500 I have saved for a trip we are taking at the end of June, and anything we bring back from that $1500 will go into the EF.

I am thinking for the summer we will just be paying an extra $100 to principle, plus any change we have. Money is just too tight in the summer to put too much extra to the house. Glad to be going back down again!

Posted in Mortgage/Debt Payoff | 1 Comments »

1 Responses to “June 2012 Mortgage Payment ”

  1. SicilyYoder Says:
    June 3rd, 2012 at 10:03 pm 1338760993
    1338760993

    My best-friend makes an extra payment a month. She wished that she had done the 15 year loan, but the payments would have been a lot higher.

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