Our automatic payment on the truck loan posted. We paid $35.45 in interest last month, but a whopping $293.68 to principal.
The new principal balance is $12,412.06. It looks like another two months before we will drop below the $12K mark.
I will actually look forward to the day the principal portion is over $300 each month. I should figure out when that might occur.
Less debt. Always feels good!
Truck Payment
December 20th, 2011 at 04:28 pm
December 20th, 2011 at 08:54 pm 1324414452
December 20th, 2011 at 09:29 pm 1324416570
December 20th, 2011 at 10:13 pm 1324419194
December 22nd, 2011 at 07:27 pm 1324582051
http://www.bretwhissel.net/amortization/
Enter the original cost of the truck, interest rate, and loan period (in months). Count down the number of payments you've made, and you should see where you are right now.
Congratulations on the progress you're making!
December 22nd, 2011 at 08:12 pm 1324584742
Turns out August of 2012 our principal payments will be over $300, unless we start making extra payments before then.