Useless Thoughts Running Through My Head

various musings of a generation x kad

Eew… I knew this, but…

Posted by thoughtful1 on May 29, 2007

I am a geek.  I track my mortgage in an Excel spreadsheet.  I like to keep track of how much pre-paying the principal is saving me.  And I have a graph of remaining principal and interest paid.  I took a look at it tonight, and I noticed something really depressing:

By the end of my 30 year mortgage I will have paid more in interest than I ever paid in principal.

I think I knew this, but seeing it graphically represented drilled it home.  Ouch.

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