Mortgage Balance




For the purpose of this blog, we are more interested in documenting our loan balance rather than our home equity.  We are less concerned with the equity since we have no plans to cash out or otherwise sell our home.  

Additionally, the equity is tied to the current home value which fluctuates from one month to the next.  Nevertheless, if you have any interest in the amount of home equity we currently have, they will be included in our mortgage balance updates.

For those that have not read the Preface on our home equity, we currently hold a 15-year fixed rate mortgage at the incredibly low rate of 2.875%.   My goal is to retire within 9 years and 0 months (108 months) so we are setting out to pay off our mortgage on or before my retirement date. Since we refinanced our home loan to a 15-year mortgage in June of 2013, we felt this was a good starting point for our documentation. Currently, we have approximately 9 years and 10 months (118 months) left on our mortgage!


Amount Owed:

2018
January 2018 - $267,972 (Not Posted)
February 2018 - $266,014 ($559,756 in equity)
March 2018 - $264,051 ($557,001 in equity)
April 2018 - $262,084 ($579,427 in equity)
May 2018 - $260,112 ($590,129 in equity)
June 2018 - $258,135 (601,690 in equity)
2018 Year-to-date: $11,790 lower!

2017
January 2017 - $291,145
February 2017 - $289,242
March 2017 - $287,335
April 2017 - $285,424
May 2017 - $283,508
June 2017 - $281,587
July 2017 - $279,661 (Not Posted)
August 2017 - $277,732 (Not Posted)
September 2017 - $275,797 (Not Posted)
October 2017 - $273,838 (Not Posted)
November 2016 - $271,874 ($569,210 in equity)
December 2016 -  $269,925 ($560,031 in equity)
2017 Year: $23,118 lower!

2016
January 2016 - $313,623 (Not Posted)
February 2016 - $311,744
March 2016 - $309,921
April 2016 - $308,064
May 2016 - $306,202
June 2016 - $304,335
July 2016 - $302,465 (Not Posted)
August 2016 - $300,589
September 2016 - $297,709
October 2016 - $296,825
November 2016 - $294,936
December 2016 -  $293,043
2016 Year: $20,580 lower!

2015
January 2015 - $335,136
February 2015 - $333,421
March 2015 - $331,670
April 2015 - $328,154
May 2015 - $326,390
June 2015 - $324,622 (Not Posted)
July 2015 - $ 322,800 (Not Posted)
August 2015 - $320,973
September 2015 - $319,142
October 2015 - $317,307 (Not Posted)
November 2015 - $315,467
December 2015$313,623
2015 Year: $21,513 lower!

2014
January 2014 - $355,836 (Not Posted)
February 2014 - $353,988 (Not Posted)
March 2014 - $352,157 (Not Posted)
April 2014 - $350,461 (Not Posted)
May 2014 - $348,781
June 2014 - $347,098
July 2014 - $345,379
August 2014 - $343,687
September 2014 - $341,961
October 2014 - $340,261
November 2014 - $338.557
December 2014 - $336,849

2014 Year: $18,987 lower!

2013
June 2013 - $368,000 (Not Posted)
July 2013 - $366,631 (Not Posted)
August 2013 - $364,659 (Not Posted)
September 2013 - $362,983 (Not Posted)
October 2013 - $361,252 (Not Posted)
November 2013 - $359,518 (Not Posted)
December 2013 - $357,679 (Not Posted)
2013 Year: $10,321 lower!


2 comments:

  1. Just found your blog, good stuff. Also, looking at the picture above, we're neighbors! (Mabury Ranch). Good luck to you!

    Zach

    ReplyDelete
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