re: When does it make sense, mathematically, to accelerate mortgage payments?

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there is no “right” answer as this is all just about opportunity cost of the marginal dollar. I am in the mathematical camp…I put no value on the “it feels so much better to own a home outright” as I’ll still be paying $3K a year in home insurance and $11K a year in property taxes (or greater into perpetuity).

With that said, 6.5% as risk free return is quite good relative to historical market returns (which is not risk adjusted). Now, 6.5% doesn’t look as good when the savings rate is 5% in money market funds but I don’t think you would regret paying down the mortgage in your situation as long as you have ample access to cash in case it is needed.

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