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Mortgage Debt Paid in June

July 4th, 2014 at 04:25 pm

We paid $1015.16 towards the principal balance on our mortgage in the month of June. Considering we are looking to pay down nearly $14K on it this year, I feel really good about that much debt paid off in one month!

The debt paid off made up of the principal portion of our regular payment which was $464.60. At the same time I send in an extra $103.72 each month to round up the payment to an even amount. Later in the month on the next payday, I send in another $275 towards the principal. All other funds come from snowflake money which this month was $171.84.

So far this year, in just six short months, we have paid down $7,872.29 on our mortgage balance. That is 56% of our pay down goal in 6 months!! The goal is moving right along as planned. I'm kind of looking forward to seeing how much beyond the goal we will get.

How much mortgage debt did you pay off in June? Or other debt paid? Are you ahead of your debt pay off for the year?

1 Responses to “Mortgage Debt Paid in June”

  1. LivingAlmostLarge Says:
    1404494555

    I think around $800/month is principal. Nothing extra. Right now just a lot of cash.

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