Land Payment: December Payment
Prior Months Equity Balance: 23%
December 1 payment % to Principal: 56% % to Interest: 44% One Day’s Interest: $19.81 December 15 payment % to Principal: 62% % to Interest: 38% One Day’s Interest: $19.72 Current Months Equity Balance: 23%I am super excited for the start of 2012. We plan on putting the payments from the paid off Discover Card and the Kubota loan toward our mortgage each month. With this extra money, we should be earning a percent of equity a month. While that doesn’t sound like much it sounds a lot better than what we did at the first three years of our loan. Wow, are we just now waking up to make some better financial decisions?
that’s some great progress, 1% doesn’t sound like much… but 1% every month will add up!
Andrea-
Thanks for stopping by. I definitely can’t wait for the 1% to add up, you are completely right that it will add up quickly!