The closing of the sale of my townhouse was today! Hooray! In honor of such a big event, I decided to create a spreadsheet of all my debits and credits to represent the "Before" (all my monthly expenses and income during the ownership of my townhouse) and "After".
Monthly expenses that I will no longer have to pay after today:
$18.92 - Rental Unit Insurance
$28 - Tenant's Water/Sewer Bill
$175 - Homeowners Association Dues
$822.20 - Mortgage + PMI
With the check I receive from the sale, I will be paying off my vehicle and my student loans! This means after that point I will no longer have to pay:
$181.65 Student Loan payment per month
$271.14 Vehicle Loan payment per month
I'm going to have an extra $1496.91 in my bank account each month. Woo hoo!
I'm currently paying $850 in rent (technically $425 since my boyfriend and I split it) and looking to buy a home (again) instead of wasting money on a house I don't own (or like).
I'm pre-approved for a conventional mortgage loan of $250K and extremely happy that I won't have to pay mortgage insurance anymore.
I never thought that I'd be free of my student loans before the age of 30 and I'm beyond thrilled that that time is fast approaching!
Recent Excel Budget Crunch = Excitement
February 24th, 2016 at 08:48 pm
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