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August 2012 Mortgage Payment

July 23rd, 2012 at 08:23 pm

Balance $125,300.00
+$287.15 Interest
+$319.07 Escrow
-$1537.95 Regular Payment
-$368.27 Principle Payment($40 change)
New Balance $124,000.00

Yeah back under $125K!! I'm going to try to increase my principle reducuction each month by $10. Last month we went down $1250. This month our principle reduction is $1300, so next month I will try for $1310, then $1320 etc. That way I will feel like I am getting to go down a little more without taking funds from savings.

2 Responses to “August 2012 Mortgage Payment ”

  1. rob62521 Says:

    Excellent job! Keep up the good work!

  2. snafu Says:

    Terrific idea to track each segment of mortgage payment. Watching the balance reduce and particularly having the interest segment less than the principle means serious progress.

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