Thanks all! I also have to give credit to the "Don't pay off your mortgage" thread. Which given the crazy good market returns the past few years, has totally been the right call.
Your home must be awesome. That kind of mortgage would stress me out.
This high a mortgage DOES stress me out. But almost anywhere you try to live in Denver nowadays is going to be expensive. We searched for the right house for 3 years and found this one about 3 years ago. We bought it for $455k and it would go for $620k easy, based on comps in the neighborhood. So I'm glad we locked in the price we got at the time that we did. But it's not a crazy OTT home - it's a 1954 brick house, split ranch style, about 1800 square feet.
That is the best feeling in the world, you could actually wipe out that monster debt if you had to!:) tomorrow and really, any time you felt like it.
CONGRATS - you're doing great!
The only thing that tempers it a bit is that a lot of the $$ is in retirement accounts so it wouldn't 'completely' pay it off because of penalties and fees, but it's still a pretty awesome feeling to see the savings higher than the mortgage.
Awesome work!
Wishing you luck in resisting the temptation to pay it off. We have student loans that we could wipe out, but the interest is something like 0.?%. Paying them off would be frivolous on par with Starbucks latte. And it's still tempting!
Thanks! Yes it's tempting, a tiny bit. And I DO plan to have the mortgage paid off completely before I FIRE. But I'm still in hardcore accumulation mode, so I am shoving all money at investments until I have enough to FIRE and pay off the mortgage, both.