Wow - awesome - congratulations!!! Am I reading your chart correctly that you saved $24,709 in interest payments by paying it off early? What was the original length of the loan and how fast did you pay it off?
I purchased the 5th wheel on 5/4/19. The original loan amount was $47,063.89 on a 15 year term at 6.74%. I paid on that loan for 5 months, then refinanced 45k even with a new lender on a 12 year term at 4.58%.
If I had paid the original loan as scheduled, I'd have eventually paid $27,854.56 of interest.
I'm so glad to be done with it. I don't know if I am truly debt free yet, as I am still waiting for the medical bills associated with my recent hospitalization.
A California native transplanted in southern Illinois.
March 24th, 2021 at 02:26 pm 1616595981
March 24th, 2021 at 02:41 pm 1616596916
March 24th, 2021 at 03:01 pm 1616598096
March 24th, 2021 at 03:05 pm 1616598311
March 24th, 2021 at 05:51 pm 1616608314
March 24th, 2021 at 06:16 pm 1616609772
I purchased the 5th wheel on 5/4/19. The original loan amount was $47,063.89 on a 15 year term at 6.74%. I paid on that loan for 5 months, then refinanced 45k even with a new lender on a 12 year term at 4.58%.
If I had paid the original loan as scheduled, I'd have eventually paid $27,854.56 of interest.
I'm so glad to be done with it. I don't know if I am truly debt free yet, as I am still waiting for the medical bills associated with my recent hospitalization.
March 24th, 2021 at 07:58 pm 1616615937
March 24th, 2021 at 11:12 pm 1616627535