Comments on: $17,027.64 – Total Amount We Paid In Interest Last Year https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/ Money | Minimalism | Mohawks Tue, 29 Jan 2013 02:59:10 +0000 hourly 1 https://wordpress.org/?v=7.0 By: J. Money https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114333 Tue, 29 Jan 2013 02:59:10 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114333 I bet you do! I’d love to take a sneak peek at it too, if you ever feel like sharing ;)

Congrats on all your success so far!!

]]> By: Mortgage Mutilator @ Mutilate The Mortgage https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114324 Mon, 28 Jan 2013 21:10:53 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114324 We’re absolutely killing our “good debt” thanks to my research and tweaking and we will have it paid off in 6 years total (2 to go still). Also, we live in Australia… The “median house price” around here is a cool $500,000 or so and that’s the type of house we bought too. If you’re interested swing by the site one time, I guarantee you’ll learn a thing or two. We even have an incredibly sexy mortgage planning spreadsheet budget! ;-)

]]> By: J. Money https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114263 Sun, 27 Jan 2013 14:56:31 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114263 HOLY. $HIT. That is crazy good!!! Look at you guys go!!! :)

]]> By: Mrs. Frugalista https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114259 Sun, 27 Jan 2013 14:48:49 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114259 I just received our statement and we paid $6,331.10 in interest. It consoles me to see that our beginning balance for 2012 was $211,611.40 and our ending balance for 2012 was $88,987.77. We paid $122,623.63! Our mortgage payment is $1770.79 and $1,500.00 of it is going towards the actual principal now. I’m so happy to have decided to kick a$s on the mortgage this past year.

]]> By: J. Money https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114134 Thu, 24 Jan 2013 14:44:18 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114134 That is true – it’s nice to be able to deduct it, but even nicer to have $0.00 to deduct from! ;)

]]> By: Brooklyn Money https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114095 Wed, 23 Jan 2013 18:00:36 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114095 I got EXCITED when I saw how much interest I paid because it’s a great deduction that even the evil AMT (which I always pay) can’t take away!

]]> By: Mike @Personal Finance Beat https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114090 Wed, 23 Jan 2013 16:20:10 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114090 Ha — wow, an eye-opening reminder on how much one truly pays to own a home! I will be in the market for a house over the next couple of years, and will remember this post when calculating my payments :)

As a renter with no student loan debt and someone who pays off my credit card in full every month, I’m not sure I paid any interest at all last year … but that will be sure to change in the next couple of years!

]]> By: J. Money https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114063 Wed, 23 Jan 2013 14:49:40 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114063 In reply to SMB.

I like that mindset :)

]]> By: J. Money https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114062 Wed, 23 Jan 2013 14:49:19 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114062 In reply to Brian.

at least the HELOC interest is usually tax deductible :)

]]> By: debtgirl https://eliteedgemoney.com/total-mortgage-interest-paid-last-year/#comment-114044 Wed, 23 Jan 2013 00:12:17 +0000 https://staging.eliteedgemoney.com/?p=31176#comment-114044 This makes me feel very sick! I can relate!

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