New Balance: $115,214.11 | The Goal for 2010 is to get it under 115,000.00
When I was calculating how much interest i'd be saving over the life of my mortgage by paying a little bit extra on every statement, I forgot one major thing.
To add in the amount i've already paid when I compare it to the original!!!!!!!!!!!! DUH! No wonder it was showing $1,000's of dollars saved... I had forgot to add in the $6,000 i've already paid in interest to the bottom line!!!!!! I'm so stupid sometimes.
So i've only actually saved myself $2,846.11 in interest payments so far, and i'm scheduled to pay off my mortgage 5 months sooner then the original plan, saving myself $3,637.24 in payments I won't have to make, all for giving them $791.64 ahead of time.
Total Condo Costs:
Money paid to aquire the property and get keys: $7,057.08
Money Spent to Remodel and Repair Property: $17,672.29
Total: $24,729.37
First Time Home buyers Credit: $8,000.00
Current equity: $4,758.89 (not including any change in value the upgrades gave me)
Electrician costs -$95.00
TILE Refund $1,265.00
Current amount in the hole: $10,800.48
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