- In order to have the mortgage paid off before retirement, we need to reach the following balances:
End of Year:
2018 $134,400
2019 $100.800
2020 $67,200
2021 $33,600
2022 $0
balance
|
Redraw
|
Home
|
IP #1
|
IP #2
|
1st Jan 2015
|
79,742
|
191,543
|
138,663
|
------
|
1st July 2015
|
79,998
|
189,166
|
137,933
|
293,467
|
1st Jan 2016
|
79,999
|
185,870
|
137,596
|
293,117
|
1st July 2016
|
79,605
|
181,871
|
137,428
|
293,412
|
1st Jan 2017
|
71,806
|
178,214
|
137,060
|
292,984
|
1st July 2017
|
59,515
|
174,979
|
136,766
|
292,768
|
1st Jan 2018
|
7,910 *
|
167,998 *
|
136,578 *
|
292,816 *
|
1st July 2018
|
16,955
|
146,991
|
136,518
|
292,542
|
1st Jan 2019
|
0
|
134,483
|
136,420
|
291,342
|
1st July 2019
|
14,604
|
119,475
|
134,687
|
288,189
|
1st Jan 2020
|
10,877
|
101,991
|
133,131
|
284,246
|
1st July 2020
|
14,257
|
86,657
|
132,222
|
281,450
|
1st Jan 2021
|
14,100
|
62,991
|
130,344
|
277,531
|
1st July 2021
|
13,953
|
49,111
|
128,354
|
273,375
|
1st Jan 2022
|
13,734
|
30,470
|
126,622
|
269,444
|
1st July 2022
|
||||
1st Jan 2023
|
||||
1st July 2023
|
- * - started this blog
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