My family and I have lived in our current home for 4 years.
We are working hard to payoff our 15-year, conventional mortgage.
I keep track of our progress using a simple spreadsheet and pie chart.Â This provides motivation to keep going, especially when we are tempted to feel frustrated with our progress.
Here’s a chart with details for our current progress –
The percentages above represent the amount of our mortgage we have paid – 23.72% – and the amount we still owe – 76.28%.
Each month, we make our scheduled mortgage payment, plus an additional principal-only payment.
We keep chipping away, month-after-month.Â We have already shaved 6 months off of the length of our mortgage.