Every month there will be an update of Joe & Jenn’s Home Pay-Off Spectacular!
Here’s this month’s update!
Total Squares: 2,426
Paid-For Squares: 775 778
Squares Remaining: 1651 1648
% of House Owned By The Sangl’s: 31.9% 32.0%
% of House Owned By Wells Fargo: 68.1% 68.0%
Here is the updated “Sangl Home Pay-Off Spectacular” (Click on the picture to view the larger, cleaner version)
We are still in cash conservation mode because of some large upcoming expenses that we see headed our way.
We are refinancing our house, however, which will drop the interest rate from 6.125% to 5.000%. We have the ability to refinance very cheaply so it makes it worthwhile for us to do this. This one move improves our mortgage pay-off by 49 months (over four years!) just with this one simple change.
This one change will allow us to color in more than one additional square every month – even if we pay the minimum payment! That is awesome!
How are you doing on YOUR house payoff spectacular? If you do not have one, you can get one here => Pay Off Spectacular – House.
Read previous Sangl Home Pay-Off Spectacular Updates