Man Pays Off Mortgage With Pennies

How much does a mortgage payment weigh? It's not a riddle. It's 427 pounds – and, a man from a Massachusetts knows the answer to that question from first-hand experience.  On his 35th wedding anniversary, Thomas Daigle carted 62 000 pennies to the Milford Federal Savings and Loan Association and used them to cover his final mortgage payment. 

When Daigle and his wife first bought their house in 1997, he found a lucky penny on the road. At that moment, he came up with his long-term financial goal: to make his final mortgage payment in pennies. The venture was a pipe dream for quite some time, until Daigle realized that it was, in fact, doable. 

Daigle began saving pennies several years ago, keeping spare change in a bowl in his house. Every few months, he would roll the pennies and store them in his basement, keeping track of their total. After a few years, he realized that it would be possible to make his final payment in pennies and started working harder towards his goal. 

Before making the payments, he informed Milford that he would be arriving with several thousand pennies. The company happily obliged, as Daigle has been a customer ever since opening his savings account when he was just 10-years-old. 

“We were very pleased that he was able to accomplish his goals,” a Milford spokesperson said in an interview with ABC News. “It was a proud day for him. We are happy about that”.