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2011 Debt Summary

December 4th, 2011 at 09:35 pm

2011 Debt Summary
-Started the year with a few 0% loans that we were not racing since we had the money in savings. Paid them all off before any of the interest hit. Now back to only the mortgage in debt.

Mortgage
-Jan 2011 $135,740.00
-Dec 2011 $123,300.00
Total reduced in 2011 = $12,440.00
Additional Principle Payments = $6,362.39
So we more then doubled our paydown for the year by making principle payments!
Now the yucky numbers.....our mortgage rate is 3.75%......we paid $4,905.23 in interest this year.

Posted in Mortgage/Debt Payoff | 1 Comments »

1 Responses to “2011 Debt Summary ”

  1. Amber Says:
    December 5th, 2011 at 04:01 am 1323057719
    1323057719

    I think you guys did great, an extra 6k+ on the mortgage is AWESOME!

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