https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Fri, 15 May 2026 17:38:30 +0000 https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage/page/2#post-2707937 Thu, 09 Mar 2017 14:13:08 +0000 2PeasinaPod 2707937@https://boards.hellobee.com/ <p>@travellingbee: Agree with some of the others. We've had our home for 7 years now, so we've been paying into our mortgage for 7 years. The reason we switched to a 15 year is because of the amazing interest rates and getting rid of our PMI. This made the mortgage payment almost exactly the same (and actually a little cheaper). When we initially bought our house, we only put 5% down.</p> <p>DH and I are also both working and have 2 boys in daycare. The cost of living where we are isn't quite that high, and I live pretty far from work. I'm about an hour and 15 minutes from Philly, but have a Philly salary. If I did the same job where we live, it would be cut in half for sure. I've been lucky in my career that my employer is recognizing women don't make as much as men with the same experience and are trying to catch us up. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage/page/2#post-2707927 Thu, 09 Mar 2017 14:03:34 +0000 2PeasinaPod 2707927@https://boards.hellobee.com/ <p>@petitenoisette: That was our only drawback. We appraised for slightly less than we were hoping for, but our original loan was an FHA loan. So we had PMI. With the removal of the PMI and the low interest rate, we're actually paying about $20 less/month for the 15 year loan than we were for the 30 year loan! So it was really a no-brainer even with the appraisal being less. Hoping your refinance goes smoothly!! </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707922 Thu, 09 Mar 2017 14:00:09 +0000 MrsBrewer 2707922@https://boards.hellobee.com/ <p>@travellingbee: @Banana330: Believe me, it was a complete steal when we bought it. It was an old woman who was moving to hospice care, and her kids were selling asap so we scooped it up! It needed a good amount of work (new bathroom, new roof, furnace) buuuttt....the price made up for it! It's worth double that right now! </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707893 Thu, 09 Mar 2017 13:36:58 +0000 Mrs D 2707893@https://boards.hellobee.com/ <p>We took out a 30 year back in 2014...we plan to execute a major renovation in 2019 or 2020 - at that time we'll drop down to a 15 year mortgage.</p> <p>Our goal is to have it paid of near when our girls start college! </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707892 Thu, 09 Mar 2017 13:36:52 +0000 Banana330 2707892@https://boards.hellobee.com/ <p>@travellingbee: I feel you! Daycare for two kids will be way more than our mortgage! </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707890 Thu, 09 Mar 2017 13:36:12 +0000 Banana330 2707890@https://boards.hellobee.com/ <p>@MrsBrewer: This is insane! I can't believe there are even houses for 77K! I'm just glad we bought a couple years ago, house prices here have sky rocketed and our house has gone up in value by at least 300K. We couldn't afford to buy now. </p> <p>We've got 15 years left if we keep paying it off at an accelerated rate. All up it would be about 19 years. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707882 Thu, 09 Mar 2017 13:24:26 +0000 looch 2707882@https://boards.hellobee.com/ <p>@travellingbee: Don't get too stressed, there are a lot of factors that contribute to the differences. A big one is that you can't always just look at the number, you should look at the percentage. For example, just because someone has a smaller loan amount than you do doesn't mean it is more affordable. Their salaries could also be lower, so they might actually be paying the same percentage of their income to their mortgage as you.</p> <p>We're also all at different stages of our earnings careers, so the numbers can be all over the place. It helps me not to freak out if I think about it this way. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707879 Thu, 09 Mar 2017 13:21:14 +0000 travellingbee 2707879@https://boards.hellobee.com/ <p>@mamabolt: Yeah, we pay even more for childcare than we do on our mortgage but thankfully that won't be forever. I doubt we'll pay down more on our mortgage though since we have a low interest rate and can get better returns investing. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707878 Thu, 09 Mar 2017 13:19:18 +0000 travellingbee 2707878@https://boards.hellobee.com/ <p>@MrsBrewer: :shocked: That's amazing!! Some large SUVs cost almost that much!! That is awesome to live in such an affordable area. That makes a HUGE difference. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707877 Thu, 09 Mar 2017 13:16:19 +0000 mamabolt 2707877@https://boards.hellobee.com/ <p>We're 6.5y into a 30 year. With daycare no way to pay extra now but in a few years I hope we can speed things up and maybe even consider refinancing. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707860 Thu, 09 Mar 2017 12:49:56 +0000 PeaceLily 2707860@https://boards.hellobee.com/ <p>We are 1.5 years into a 30 year mortgage. We live in the county with the highest property taxes in the country so I don't see us paying off our mortgage any earlier unfortunately. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707836 Thu, 09 Mar 2017 12:02:28 +0000 kodybear 2707836@https://boards.hellobee.com/ <p>29 years :crying: </p> <p>@travellingbee: agreed!! we live in a HCOL city and it seems impossible to pay it off any faster. esp w childcare costs, its basically another mortgage payment! i feel like we make a good amount of income too but in this city its like pennies. haha bleh </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707830 Thu, 09 Mar 2017 11:49:40 +0000 petitenoisette 2707830@https://boards.hellobee.com/ <p>@2PeasinaPod: I was just looking at where rates are at in September and it makes me feel sick that we didn't refinance then (refinancing now). :crying: I was worried about appraising high enough and now it turns out we don't even need an appraisal. But glad you got in on the great rates!!! </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707825 Thu, 09 Mar 2017 11:31:30 +0000 808love 2707825@https://boards.hellobee.com/ <p>@travellingbee: I live in high cost of living area but we bought smaller than we could afford (just what we need) and can save a lot. We are not rolling in dough and I do watch our outflow and budget carefully. Also we have a low interest rate so that brings payments down. And if you do a 15 year your rate drops even lower.<br /> @valentinesmommy: google extra mortgage payment calculator </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707810 Thu, 09 Mar 2017 11:13:46 +0000 oliviaoblivia 2707810@https://boards.hellobee.com/ <p>We're half way done on a thirty year. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707789 Thu, 09 Mar 2017 10:44:35 +0000 MrsBrewer 2707789@https://boards.hellobee.com/ <p>@travellingbee: Hahaha! Definitely not a lot more money, we definitely are working/middle class! But I also live in a very low cost of living area, and found a house for only $77k! So the difference in our monthly payment was $100 to get a 15 yr vs. a 30yr mortgage. The decision was pretty much already made for us! </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707786 Thu, 09 Mar 2017 10:40:46 +0000 Mrs. Pickle 2707786@https://boards.hellobee.com/ <p>We are almost 6 years into a 30 year loan. We have paid extra on the principal every month though so we've got less than 20 years left. The goal is to have our mortgage paid off before we retire. We plan to move once more and will likely buy a slightly bigger house. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707785 Thu, 09 Mar 2017 10:39:44 +0000 travellingbee 2707785@https://boards.hellobee.com/ <p>26 years. I can't understand how anyone can do a 15 year or 10 year. Y'all must have A LOT more $$ than we do!! Wow! Or live in a lot less expensive area I guess </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707782 Thu, 09 Mar 2017 10:38:03 +0000 Anagram 2707782@https://boards.hellobee.com/ <p>@ValentineMommy: there are a lot of calculators online. You can try this one. <a href="http://www.daveramsey.com/blog/mortgage-calculator#/entry_form" rel="nofollow">http://www.daveramsey.com/blog/mortgage-calculator#/entry_form</a> </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707777 Thu, 09 Mar 2017 10:25:41 +0000 psw27 2707777@https://boards.hellobee.com/ <p>We are only about a year and a half into a 30 year. We won't live in this house for 30 years so we don't think about paying it off earlier. We do pay a little extra every month though. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707772 Thu, 09 Mar 2017 10:21:16 +0000 Anagram 2707772@https://boards.hellobee.com/ <p>My husband is trying to get it paid off in the next 4-6 years. We bought 3.5 years ago. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707769 Thu, 09 Mar 2017 10:17:47 +0000 MrsBrewer 2707769@https://boards.hellobee.com/ <p>Only 9 years left on our 15 year mortgage!! </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707761 Thu, 09 Mar 2017 10:07:23 +0000 LuLu Mom 2707761@https://boards.hellobee.com/ <p>Well we are waiting for our new basement to be dug this week...so we are starting all over. Starting with a 30 year mortgage which we hope to have paid off in 20. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707748 Thu, 09 Mar 2017 09:28:38 +0000 Truth Bombs 2707748@https://boards.hellobee.com/ <p>We are 2 years into a 30 year loan. But we pay $500 extra a month so we'll pay it off earlier than that. We considered a 15 year loan but the rates were/are so low that it made more sense to just do the 30 year and have financial flexibility. If we want to pay big chunks towards the principal, we can. In times like now, when the stock market is on an upward tear, we'd rather have our money to invest since already, in less than the first quarter of the year, we're up more than the interest rate on our mortgage. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707745 Thu, 09 Mar 2017 09:25:29 +0000 2PeasinaPod 2707745@https://boards.hellobee.com/ <p>We just refinanced to a 15 year loan in September, so we've got around 14.5 years left. Really excited that we refinanced when we did...we have one of the lowest interest rates I've heard! </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707744 Thu, 09 Mar 2017 09:19:56 +0000 Adira 2707744@https://boards.hellobee.com/ <p>I think we have 12-13 years left. We refinanced a few years ago to a 15 year loan, so we should be done before the kids start college! </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707742 Thu, 09 Mar 2017 09:17:29 +0000 youboots 2707742@https://boards.hellobee.com/ <p>5 years in to a 30 year but we hope to build in the next 2-3 years and the clock starts over. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707730 Thu, 09 Mar 2017 08:59:21 +0000 ValentineMommy 2707730@https://boards.hellobee.com/ <p>@erinbaderin: How do you figure that out? I mean, how do you figure out how much is left, if you make extra payments? I am terrible with math :wink: </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707727 Thu, 09 Mar 2017 08:57:15 +0000 erinbaderin 2707727@https://boards.hellobee.com/ <p>We're 9 years into a 25 year mortgage but with the extra payments we've made we've got 12 years left. </p> https://boards.hellobee.com/topic/how-many-years-left-on-your-mortgage#post-2707719 Thu, 09 Mar 2017 08:42:16 +0000 ALV91711 2707719@https://boards.hellobee.com/ <p>We are 3 years into a 25 year mortgage. I hope we aren't paying for that long! </p>