My story - determined

gallygirl

Well done D1, great progress

QB, try www.whatsthecost.com - you can fiddle about quite a bit with it. I have my mortgages (3 of them :eek:) on there and update every month, very satisfying :T

twinklie

Well done. Where you going on your jollies?

Bufger

Well ive just read all 15 pages of this, right from the beginning!

You have inspired me to do something about my mortgage. I bought my first house last november and have a mortgage of 121,000 and havent overpaid at all yet. Me and my OH have also got a large combined income and could easily overpay by a few hundred a month without scrimping or saving but im now willing to go further than that and really record it all and keep the motivation high.

Thanks for an excellent read and i'll be following this thread closely.

By the way: my XBOX gamertag is Bufger if you play MW2 online

black_taxi_2

first -time i saw interest charges each month on-line i was shocked.ive had a mortgage years and never got clued up.

well im on my o/p journey now

great thread HD

determined1_2

Queen-Bee wrote: »

I wondered how you have managed to work out the total interest saved and months saved??

Hi QB

I have a speadsheet that compares what actually happens to the mortgagte compared to what would of happened to the mortgage if I hadn't OPd.

very motivating!

determined1_2

twinklie wrote: »

Well done. Where you going on your jollies?

Only to Cornwall but will be a nice two week break!!

determined1_2

Bit of a late update again!

Stats below for balance, overpayment made, "interest saved" that month, "interest saved" to date, and months taken off (denoted as balance/OP/interest saved that month/total interest saved/months saved).

Mar10: £123,649.99/£502.57/£1,460.83/£71,208.14/111
Feb 10: £124,400.00/£413.64/£1,226.91/£69,747.31/109
Jan 10: £125,000.00/£768.24/£2,337.67/£68,520.40/107
Dec 09: £125,950.00/£1,154.91/£3,649.15/£66,182.73/103
Nov 09: £127,300.00/£1,030.56/£3,396.93/£62,533.58/97
Oct 09: £128,500.00/£714.74/£2,441.85/£59,136.65/91
Sept 09: £129,400.00/£940.22/£3,324.76/£56,694.80/87
Aug 09: £130,500.00/£845.05/£3,103.05/£53,370.04/82
July 09: £131,499.99/£1,532.51/£5,910.43/£50,266.99/77
June 09: £133,200.00/£1,008.83/£4,102.48/£44,356.56/67
May 09: £134,250.00/£490.93/£2,065.86/£40,254.08/61
Apr 09: £135,000.00/£1,137.13/£4,970.81/£38,188.22/58
Mar 09: £136,269.03/£1,000/£4,588.67/£33,209.26/50
Feb 09: £137,459.47/£740/£3,538.81/£28,620.59/43
Jan 09: £138,323.21/£2,030/£10,364.53/£25,081.78/37
Dec 08: £140,466.66/£2,380/£13,508.64/£14,717.25/22
Nov 08: £142,970.30/£100/£605.23/£1,208.61/2
Oct 08: £143,170.74/£100/£603.28/£603.28/1

Daily interest below. Each goes from 2nd of previous month to first of the month stated. E.g. £19.39 was for 02.02.10 - 01.03.10

Mar 10: £19.39
Feb 10: £19.49
Jan 10: £19.63
Dec 09: £19.84
Nov 09: £20.03
Oct 09: £20.17
Sept 09: £20.34
Aug 09: £20.50
July 09: £20.76
June 09: £20.94
May 09: £21.05
Apr 09: £21.24
Mar 09: £21.43
Feb 09: £21.56
Jan 09: £21.84
Dec 08: £22.23
Nov 08: £22.26
Oct 08: £22.29

Annoyingly there is a rounding difference between my balance and Halifax's so I have a 99p on my balance not .00

Anyone agree I should post my stats for a rolling previous 12 months?

Determined

determined1_2

Oh forgot to say - boiler seems to be playing up! Anyone replaced their recently and what was the cost of it? Here's hoping it will plod along for a wee while yet!

Its a combi boiler btw.

black_taxi_2

isnt gov doing scheme---replace old boiler---big discount at moment

determined1_2

Boiler seems to be OK atm - hopefully it will keep going. Especially given the heating won't be used until the end of the year.

Have decided I will post the stats on a rolling 12 month basis - or the post will become significantly long. I will put a total analysis in post #1 in anyone is interested (no pun intended )

Stats below for balance, overpayment made, "interest saved" that month, "interest saved" to date, and months taken off (denoted as balance/OP/interest saved that month/total interest saved/months saved).

Apr 10: £122,650.00/£807.11/£2,284.25/£73,492.39/115
Mar 10: £123,649.99/£502.57/£1,460.83/£71,208.14/111
Feb 10: £124,400.00/£413.64/£1,226.91/£69,747.31/109
Jan 10: £125,000.00/£768.24/£2,337.67/£68,520.40/107
Dec 09: £125,950.00/£1,154.91/£3,649.15/£66,182.73/103
Nov 09: £127,300.00/£1,030.56/£3,396.93/£62,533.58/97
Oct 09: £128,500.00/£714.74/£2,441.85/£59,136.65/91
Sept 09: £129,400.00/£940.22/£3,324.76/£56,694.80/87
Aug 09: £130,500.00/£845.05/£3,103.05/£53,370.04/82
July 09: £131,499.99/£1,532.51/£5,910.43/£50,266.99/77
June 09: £133,200.00/£1,008.83/£4,102.48/£44,356.56/67
May 09: £134,250.00/£490.93/£2,065.86/£40,254.08/61

Daily interest below. Each goes from 2nd of previous month to first of the month stated. E.g. £19.28 was for 02.03.10 - 01.04.10

Mar 10: £19.39
Feb 10: £19.49
Jan 10: £19.63
Dec 09: £19.84
Nov 09: £20.03
Oct 09: £20.17
Sept 09: £20.34
Aug 09: £20.50
July 09: £20.76
June 09: £20.94
May 09: £21.05

Progress is feeling slow but it's progress none the less.

Determined