Monthly student loan balances. Minimum monthly payment: $138

  • 10/31/2010 $18,692
  • 12/31/2010 $17,613  ($1,079 paid down in 2010)
  • 12/31/2011 $9,929 ($7,684 paid down in 2011)
  • 12/31/2012 $2,167 ($7,762 paid down in 2012)
  • Current balance $0 ($2,167 paid down in 2013)

 

YEAR FOUR: Refinanced December 2015 to 15-year mortgage. Total loan paid off in fourth 12 months of home ownership: NEGATIVE $305

  • 3/1/2016 $113,475
  • 2/1/2016 $113,985
  • 1/1/2016 $114,493
  • 12/1/2015 $115,000 (Refinance - closing costs increased loan)
  • 11/1/2015 $110,238
  • 10/1/2015 $110,609
  • 9/1/2015 $110,978
  • 8/1/2015 $111,346
  • 7/1/2015 $111,713
  • 6/1/2015 $112,079
  • 5/1/2015  $112,444
  • 4/1/2015  $112,808
  • 3/1/2015 $113,170

Mortgage: Acquired in March 2012. Minimum monthly payment: $975 (incl. interest, PMI, and escrow)

YEAR THREE: Total loan paid off in third 12 months of home ownership: $9,266

  • 3/1/2015 $113,170
  • 2/1/2015 $113,531
  • 1/1/2015 $114,365
  • 12/1/2014 $115,196
  • 11/1/2014 $116,025
  • 10/1/2014 $116,850
  • 9/1/2014 $117,674
  • 8/1/2014 $118,495
  • 7/1/2014 $119,313
  • 6/1/2014 $120,129
  • 5/1/2014  $120,901
  • 4/1/2014  $121,670
  • 3/1/2014 $122,436

YEAR TWO: Total loan paid off in second 12 months of home ownership: $8,208

  • 3/1/2014 $122,436
  • 2/1/2014 $123,200
  • 1/1/2014 $123,961
  • 12/1/2013 $124,719
  • 11/1/2013 $125,475
  • 10/1/2013 $126,229
  • 9/1/2013 $126,981
  • 8/1/2013 $127,730
  • 7/1/2013 $128,477
  • 6/1/2013 $129,221
  • 5/1/2013  $129,963
  • 4/1/2013  $130,304
  • 3/1/2013  $130,644

YEAR ONE: Total loan paid off in first 12 months of home ownership: $2,395

  • 3/1/2013  $130,644
  • 2/1/2013 $130,866
  • 1/1/2013 $131,086
  • 12/1/2012 $131,306
  • 11/1/2012 $131,525
  • 10/1/2012 $131,743
  • 9/1/2012 $131,961
  • 8/1/2012 $132,178
  • 7/1/2012 $132,394
  • 6/1/2012  $132,610
  • 5/1/2012  $132,825
  • 3/31/2012  $133,039