This is driving me kind of batty. One minute, I say to myself, "stay the course" (outlined below), the other minute, I say to myself, "be bloody done with it...!". I am down to $22,900 ish heading into Oct 1 ( I have $24,500 ish in cash earning 2.5%, 1.7% after tax, mortgage is NOT deductible), 4.0%, kicking in an extra $1070 per month per below:
Month Loan Bal (P) Int Paid (P)
1 21,169.82 76.30
2 19,442.91 70.57
3 17,710.24 64.81
4 15,971.79 59.03
5 14,227.55 53.24
6 12,477.50 47.43
7 10,721.61 41.59
8 8,959.87 35.74
9 7,192.25 29.87
10 5,418.75 23.97
11 3,639.33 18.06
12 1,853.98 12.13
13 62.68 6.18
I COULD write a check tomorrow, leaving almost no cash, with:
1) A new HELOC line of $50K (prime +0.5%, currently 4.0%)
2) A portion of my roth in a C/D ($25K).
3) Easily build a new cash reserve at the rate of $1800 per month.
4) No other debt.
What say you, Mustachians?