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Mortgage Chips To Date

January 1st, 2016 at 05:59 pm

This month is a bit different, since I paid January's mortgage payment early in December. This morning I went ahead and paid an additional $25.71 to principal. I received another $25 credit from WF Home Rewards Visa which they applied on 12/30. My new balance is $166,950.00.

Chips to date: $1,867.88

Interest savings this month: $6.68

Interest savings to date: $132.78

Eventually, the interest savings on the chips I have already made will compound to $4,031.22, provided I own this house until the mortgage is paid in full. Which I won't. Stick Out Tongue

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