What is $6,992?
by Rocket Finance
The price of this 1998 Volkswagon Jetta?
Three times what our energy costs will be this year?
The amount of government assistance given to Rose E. Frechette in 2004 and 2005?
The price of 50,157 Member’s Mark baby diapers from Sam’s Club?
28 Nintendo Wii’s? (unless you have to buy yours on Ebay)
My family’s food budget for approximately 34 months?
A full IKEA remodel of our kitchen?
Twice what Mrs. Rocket and I have saved for retirement?
The equivalent to 4x the price of my first car in 1995?
Almost 4x what we will spend on gasoline this year?
More than enough money to take my family to Disney World?
The model number for a great vacuum (or so I hear)?
Answer:
Mortgage and HELOC interest paid by the Rocket family in 2007.
Unbelievable
6 Responses to “What is $6,992?”
By Mrs. Micah on Feb 6, 2008 | Reply
That’s crazy. How much did you pay in principle?
By rocketc on Feb 6, 2008 | Reply
That will require a good deal more math. I might go back and figure it out, but I am certain that it is less than the interest.
By Anne on Feb 10, 2008 | Reply
That actually sounds pretty reasonable to me. That’s $583/month.
By rocketc on Feb 10, 2008 | Reply
It is 20% of my AGI – just for interest.
By Becky on Feb 11, 2008 | Reply
Wow! $583/mo for interest is a lot! We pay just under $300/mo in interest. Still a lot of money 🙁