Mortgages

Mortgage & IP Payoff Progress
  • 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




1st July 2022




1st Jan 2023




1st July 2023





  • * - started this blog
*March 2021- took a 3 month break from extra mortgage payments to boost our retirement savings

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