October 2010 house payment - extra principal challenge
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  1. #1
    Registered User mommy4ever's Avatar
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    Mar 2007
    Western Canada
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    Default October 2010 house payment - extra principal challenge

    We were doing this this summer, I thought I'd pop it up again

    I like seeing months coming off the mortgage.

    This week i upped our weekly payment by $50/week. This took off 5 years from the mortgage, if we keep it that way. With ALL the extra in the weekly payments(now I think it's 80/week) it took off nearly 10 years

    I am hoping to make a principal payment on the 20th... Aiming for $600. Curious to see what that does to the amortization.

  2. #2
    Registered User knitnmom's Avatar
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    Apr 2008
    Boise, ID
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    I love that!! I was doing pretty well, but then they re-figured our escrow account and upped our payment by $200!! That eats up my principal payment!

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