Sangl Home Pay-Off Spectacular – August 2011

Every month there will be an update of Joe & Jenn’s Home Pay-Off Spectacular!

Her’s this month’s update!

Total Squares:  2,426

Paid-For Squares:  952 971

Squares Remaining:  1474 1455

% of House Owned By The Sangl’s:  39.2% 40.0%

% of House Owned By Wells Fargo:  61.6% 60.0%

Here is the updated Sangl Home Pay-Off Spectacular (click to view large size)

Blog Sangl Family Pay-Off Spectacular - Analysis 2011-08

For the 5th month in a row, we have been blessed with the opportunity to send in multiple payments!  This FIRES ME UP!  I like to look at it this way:  If the interest rate is 5%, then this means we save $50/year for each $1,000 we send in early.  On the first $1,000 we sent in, it means we have avoided paying that 5% interest for 30 years – a savings of $1,500 in interest!!!  In other words, we saved $1,500 by sending in $1,000! What a deal!  We have only 25 more squares to pay off in our sun room.

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

3 Comments

  1. Travis on August 1, 2011 at 5:28 am

    In the next month +/- the sunroom will be Sangl owned…. But then what? Are you going back to the perimeter loops?!?! I can’t wait to see! 🙂 Keep up the great work!



  2. John & Heather on August 1, 2011 at 10:18 am

    You go Joe we ate exvited for you and we are excited too. We are getti



  3. Melissa on August 1, 2011 at 4:18 pm

    I just sent in the final payment on our house and it felt wonderful.



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