jIM wrote:
> If you want to accelerate even further, pay the principal amount on
> the last payment (so if 30 year fixed, make principal payment on
> payment 360 with month 1, 359 with month 2, 358 with month 3...
For those who lack the skill to write a spreadsheet, or if they do not
own a TI BA-35, the method the OP suggested, paying next principle and
staying in sequence, is really the only way to track this. The last
payment is mostly principal, and will jump him ahead 6 months and
change. But not an exact number, and he will lose his place for tracking
purposes. OP seemed to like being able to track his progress right on
the amortization schedule.
Joe
www.blog.joetaxpayer.com
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