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The last £20k...

alan_d · 2018-09-04 09:12:18

As of yesterday, my remaining mortgage balance has finally dropped under £20k :j (£19843.70 to be precise). If I leave it to tick along as-is it will run to January 2025, and i'll pay about £2200 in interest between now and then. Currently monthly payment is £290.06 Obviously I'd rather pay it off quicker and save some…

Comments

Mortgage_Minimiser Posts: 340 Forumite

25 August 2019 at 11:53AM

What a lovely feeling that must be!!! Congratulations!

Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

Debt at highest point in 24 -£21,344
Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
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