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re: When does it make sense, mathematically, to accelerate mortgage payments?
Posted on 12/9/23 at 12:54 pm to lynxcat
Posted on 12/9/23 at 12:54 pm to lynxcat
Seems like the "Pay off early" camp puts huge amounts of extra principal into their mortgage payments.
I put a small modest amount of extra principal. Nothing crazy, $85-$200 extra each month. It's something I don't miss. I know it is doing some good without breaking the bank.
I put a small modest amount of extra principal. Nothing crazy, $85-$200 extra each month. It's something I don't miss. I know it is doing some good without breaking the bank.
1
Posted on 12/9/23 at 1:06 pm to 3D
I'd like to see the comparison on paying off a 30 year mortgage in say 15 years, and putting say double the amount into a 401k for the remaining 15 years. Or putting a set amount into A 401k and paying the 30 year off per the schedule.
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