Sangl Home Pay-Off Spectacular – January 2008

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Every month there will be an update of Joe & Jenn's Home Pay-Off Spectacular!  The third monthly update is TODAY!

We are even more fired up about getting rid of the mortgage!!!  Why?  Because we HAVE TAKEN REAL ACTION to reduce our expenses so that we can send even more money toward principal!

So Jenn and I have shook hands and made an agreement that the house payments will be gone within by October 2011 (Three years and 10 months).  You guys will all get to watch the mortgage leave by watching the "Sangl Family Home Pay-Off Spectacular" turn green!  By the way, I have a stretch goal of October 2010.  It is a HUGE STRETCH.

On with this month's update!

Here is the update!

Total Squares:  2,426

Paid-For Squares:  691 709

Squares Remaining:  1737 1719

% of House Owned By The Sangl's:  28.5% 29.2%

% of House Owned By Wells Fargo:  71.5% 70.8%

Although it does not look like it, Jenn and I mailed EXTRA money toward the house this past month as a result of the gains we made through our intentional spending cuts!  In two more months, we will own the east wall of our house!  I am so excited!!!

By using the "Early Pay-Off Calculator" on the TOOLS page, our house will be paid off in 77 months (6 years and 5 months).  In order to achieve our target of 3 years and 10 months (and my own stretch goal of 2 years and 10 months), we really need to start making larger payments.  Let's see what next month brings!

I'm predicting a larger payment!

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1 Comment

  1. […] largest chunk paid off in a single month since January 2008 – in fact, this is our largest single chunk EVER!  Watch out for next month, Wells Fargo, […]

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