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$3,000 off the mortgage

April 9th, 2015 at 04:17 pm

Our tax refund came today and we sent 75 percent of it to the mortgage, a total of $3,000 to principal. When it posts, hopefully tomorrow, we should be down to $32,200. I'm trying to get this house paid off as fast as I can. Each $1,000 in extra knocks one month off the pay off time, so this is 3 months off!

12 Responses to “$3,000 off the mortgage”

  1. creditcardfree Says:

    Great job! What is your projected pay off at this point?

  2. ThriftoRama Says:

    We're aiming for some point in 2017.

  3. NJDebbie Says:

    Woot woot. Great job!!!

  4. Ima saver Says:

    Good for you!

  5. Miz Pat Says:

    I'm so glad for you. I'm still at 82K with 6 to 8 years to go

  6. scfr Says:


  7. VS_ozgirl Says:

    Nice work!

  8. FrugalTexan75 Says:


  9. Shiela Says:

    That's great. I'm doing the same with our tax refund too.

  10. ThriftoRama Says:

    Well, it didn't post the way I had anticipated. The bank treated it as a regular mortgage payment with additional added, so some of it went to escrow. This is all fine. That means when I send in my actual payment at the end of the month, ALL of that check will reduce the principal. It should put my farther ahead than I anticipated! I can't wait to have this house paid off!!!!

  11. Bluebird Says:

    Great! It will be here before you know it! And you already had your mortgage paid off on your previous house! That is really an accomplishment! We paid our mortgage off 5 years and 3 months after purchasing. I was obsessed about paying it off.

  12. Amber Says:


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