Yet Another Automatic Insurance Payment for Coverage I Don’t Need
Add another $85.15 to the amount I’ve needlessly paid for Private Mortgage Insurance.
Yep, as I predicted last month when I first reached the threshold required to request PMI cancellation, Countrywide really is going to squeeze every last penny out of me.
Total, that I feel has been stolen from me, is now $170.30.
Do you know what an additional $85.15 per month towards principle instead insurance I don’t need anymore would have gotten me?
According to Countrywide’s very own ‘Amortization Schedule Calculator’, a monthly payment in that amount ($85.15) would save me almost $17k in interest and knock over 7 years off of my mortgage. That’s a big deal.
I’m not planning on letting them “steal” $17k from me.
Tomorrow, with another $1500 being applied towards the principle, I’ll make my third attempt at getting them to drop it once and for all.
At this point, now that I will have exceeded the federal auto cancellation mark, I can’t imagine they’ll turn me down.
Actually, I take that back… I can imagine that.
I almost expect it.
Any one wanna bet they hit me up for $85.15 in September too?
Grrrrr…