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Home > July 2014 Mortgage Payment, House Appraisal and FEELING HAPPY!

July 2014 Mortgage Payment, House Appraisal and FEELING HAPPY!

July 5th, 2014 at 05:36 pm

July 2014 Mortgage Payment

Balance $89,800.00
+$205.79 Interest
-$1218.88 Regular Payment
-$86.91 Principle Payment
New Balance $88,700.00

Only paying extra on the principle to keep things at nice even numbers.

The appraisal came in at $243K....$33K HIGHER then we estimated. We bought our house in 2007 for $160K....WOW! SUCKS cause we are in such a great position now with savings and the house value having gone up so much...but I am SO MUCH HAPPIER now.

My new man friend is wonderful, takes care of me, spoils me, makes me feel appreciated. I know it's very, very early, but for now I am just so happy and thankful to have someone in my life that wants me to be happy. My family, friends and coworkers have all been commenting so much on how nice it is to see me smiling again. Smile And last week he sent me flowers... Smile I haven't gotten flowers in 11 1/2 YEARS!

Posted in Mortgage/Debt Payoff | 3 Comments »

3 Responses to “July 2014 Mortgage Payment, House Appraisal and FEELING HAPPY!”

  1. Another Reader Says:
    July 5th, 2014 at 06:07 pm 1404583654
    1404583654

    You realize that you are going to have to pay FXH half of that equity to buy him out, right? Without adjustments, you will have to pay him $77,150. Are you prepared to do that?

    If you think fair market value is really closer to $210,000 and the refinance appraisal is inflated, you will need to get another more realistic appraisal for the split. Otherwise you may have to borrow more out to pay off FXH than you want to.

  2. LuckyRobin Says:
    July 5th, 2014 at 08:38 pm 1404592686
    1404592686

    I am glad you are feeling happy.

  3. Banker Gurl Says:
    July 5th, 2014 at 08:48 pm 1404593324
    1404593324

    Yes I have to pay him $73,500. It sucks, but it is what it is...the house across the street from us just sold for $270K. The estimate isn't inflated, our housing market is just crazy cause I live in oil country. I assume(and I know this isn't for sure, but seems logical to expect) that the house will continue to go up for the next unforeseeable number of years. I will probably not be living there forever as I would hope to be with someone and have children. I would guess I will be selling the house in 5 years or less or someone would be moving in with me, but in the meantime I will have a safe stable place to live and be building more equity in the interim.

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