Paid off mortgages mamas - Page 2 - Mothering Forums

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Old 11-18-2008, 10:26 PM
 
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Laura, this calculator was very helpful. This is what we figured out:

If we pay an extra $100 monthly - it takes about 9 years off the loan
If we pay an extra $200 monthly - 13 years
$300 - 16 years
If we double our mortgage payment - we will be mortgage free in 5 years.

A double mortgage payment is a pipe dream for us, but starting last month we are directing all our snowball power to our mortgage. :

Happy wife to DH superhero.gifand mama to DS signcirc1.gif11/05 and DD energy.gif8/07.
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Old 11-19-2008, 02:01 AM - Thread Starter
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Anyone have experience with this?
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