We are including a very simple description of our building project below.
- The building was completed in June 2010.
- Cost of project: $1,025,757
- Our mortgage was $575,000.
- Over the last 9 years, we have paid $402,110 on the mortgage. This includes principal and interest.
- Now owed: $189,000
- Our payoff date is June 2021.
- If we continue on the schedule, we will pay $24,328 in interest until payoff.
- Monthly payment $4,361.