Thursday, July 07, 2005

Mortgages suck

Was just checking the financial info on my house..

Since I bought it, I've paid $19,655.14. The principal loan amount has come down $6,286.23. And that's on a 15 year note. I'm paying about $460 a month in interest. Taxes and insurance eat up quite a bit too.

The theory is that the value of the house will increase enough to more than offset the amount I'm paying in interest, right? Hah!

That 20 grand I've paid so far is more than the total cost of the house I grew up in.

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