After much debate as to what made the most sense for next steps, we paid off our vacation house mortgage! We'd been sitting on some of the profit from the sale of our Seattle house, and finally bit the bullet.
It's been my dream FOREVER to have a paid off house, and now I can check that box. Sadly, we have. . . um, quite a ways to go on our primary residence. The real estate market in the Bay Area vs the Oregon coast is not quite comparable. ;-)
Paying off the mortgage early will save us $88,000 in interest over the lifetime of the loan, and will free up additional cash each month. Most likely, we will divert the mortgage payment towards our primary residence, to work that down as well.
Tonight, we'll be having leftovers & champagne! The perfect frugal combination!