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Last two debt payments of 2010; other debt stats

December 30th, 2010 at 09:38 am

Hey, what do you know? AS's student loan payments did hit by the end of the month after all. $121 and $60 to principal, so $181 total.

That means $3219 was paid in December, and $29,240 total was paid in 2010!

I also made a weird discovery. One of AS's student loans, which I had listed in my debt spreadsheet as being at 4.5% fixed interest rate, actually has a 3.25% interest rate (fixed)! I have no idea how I've had that wrong all these years. I made the spreadsheet in 2007 and I guess never noticed that I had that number wrong.

So our interest rates are even better than I thought! Here's what we have at what rate:
$25,050 at 6.8% fixed (NT student loan)
$6,814 at 6.55% fixed (AS student loan)
$4,243 at 3.85% variable (NT student loan)
$170,944 at 3.5% variable (CJ/AS mortgage)
$13,568 at 3.25% fixed (AS student loan)
$1,030 at 2.25% variable (AS student loan)
$76,760 at 1.49% variable (NT mortgage)
$16,182 at 1.49% variable (NT HEL)
$17,038 at 1.49% variable (NT HEL)
And $19,991 of estimated future NT student loan debt (not borrowed yet)

Of course I don't expect interest rates to stagnate forever, and there are a lot of variable rates on there, but I'm going to enjoy it while it lasts!

7 Responses to “Last two debt payments of 2010; other debt stats”

  1. ThriftoRama Says:

    That's awesome. I have no idea how you consistently manage to pay off so much debt. You must have some magic sauce that I don't!

  2. ceejay74 Says:

    The magic sauce is three incomes. I'm not going to claim we're anything special, not compared with the SA community. We don't make a killing individually, but the three together do add up to a nice chunk of change. We basically put the equivalent of AS's entire income (before taxes) toward debt this past year.

  3. Petunia Says:

    Looks like you had a great debt repayment year!

  4. creditcardfree Says:

    Congratulations!! You have done great this year.

  5. Apprentice Bliss Hunter Says:

    $29,240 is a LOT of dough... and a great achievement.

    Only 12 years of that kinda performance and you're all debt-free !! With TWO mortgage-free properties..

    Pretty impressive ! :-)

  6. CB in the City Says:

    What fun you will have when the debt is paid and you get to save all that money! You're getting close.

  7. frugaltexan75 Says:

    You all are doing awesome!

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