We have now had our mortgage for one year. Our original mortgage was for $212,000 at 3.375% with a monthly payment of $937.24. That is our entire payment as we do not escrow. I prefer to pay our taxes and insurance myself.
We pay $950 per month. After 1 year, our mortgage balance is $207,688.72. We have paid down $4311.28. It's not the greatest paydown but I have not paid any extra and I'm very reluctant to do so. I think that our money could work for us in retirement or other investment accounts better. I will continue to pay $950 or $1000 per month but no more.
Do you pay extra on your mortgage?