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Mortgage Chips To Date

December 1st, 2014 at 09:45 pm

I have made my scheduled mortgage payment, along with an extra $14.73. My new balance is $171,075.00.

Chips to date: $1,550.17

Interest savings this month: $5.44

Interest savings to date: $52.17

Eventually, the interest savings on the chips I have already made will compound to $3,399.23, provided I own this house until the mortgage is paid in full.

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