Last month (September)
Years left: 0.5
P =$1,184.79, I =$29.62, Escrow =$812.79
This month (October)
Years left: 0.416666667
P =$1,189.48, I =$24.93, Escrow =$812.79
Turns out these mortgage updates have been a lie since March 2015. We accidentally double paid our mortgage in March 2015 because our check got delayed in the mail somehow an then we did a last minute online transfer so there was a double payment. We vaguely remember when this happened, even though we clearly didn’t put it into medium-term memory long enough to wait to send a mortgage check.
I noticed that this happened last month when we got the Sept bill a little early and I was like… wait… why is this not due until October? Some sleuthing reminded us of the previous mix-up and I decided to just not pay the October bill until this month. So now the numbers above aren’t a lie except for the few pennies that Wells Fargo steals from us with rounding errors every few months. I get the numbers directly from our mortgage spreadsheet and apparently haven’t tried to reconcile them since March 2015 or earlier. I mean, I look at the check and make sure our previous month’s payment went through but I’ve never paid that much attention to the balance– by the time we get the new bill I’m already thinking about the next month’s balance, so the number never threw me off since it looked familiar. Maybe if I’d gotten two months off…
I’ve definitely had a lot more inattention to our finances than we used to. That’s mostly because the penalty for getting things wrong isn’t a big deal right now. Being able to be relaxed about finances is pretty amazing. We are lucky and I’m glad we made earlier sacrifices to be able to capitalize on that luck.
I thought about just paying off the mortgage again this month, but then I was like… ungh, I’d still have to figure out how we’re going to be saving for escrow and that sounds like a pain. Plus all the paperwork with actually closing out the mortgage and making sure all the escrow they’re keeping gets back to us and so on and so forth. We have enough money in our Wells Fargo accounts from reimbursements right now that we wouldn’t have to worry about paying a $15/mo checking fee, but keeping track of that also sounds like a pain. I am so hassle-averse.
If we have time over the holidays maybe I’ll deal with all of that then. Otherwise I’ll just keep writing a check each month until March. Except, you know, last month, when I let things catch up.