Sunday, January 25, 2009


As of April '08, more than half of our monthly mortgage payment started going toward principal rather than interest. Last month 62% went to principal. Even without making additional payments, which we do whenever we have extra money in our checking account, we're on track to pay it off in less than half its 30-year term.

(Excluding, of course, property tax escrow, which is 29% of what we give the bank every month. And likely to only increase, since state education funding is decreasing. Thanks Governor Paterson!)

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