re: The reoccuring question.. should I pay off my mortgage?

quote:

---

I have a strict financial plan I follow and it will result in me retiring a multi millionaire that is anything but lazy.

---

Are you a Wizard?




I was debating on starting a new thread about this but new mortgage question threads get a bit old.

I just bought a house and will make my first payment at the end of this month. After the first payment my mortgage will be sold to another bank where it will remain for the foreseeable future.

My plan is to make twice monthly payments that will add to above my required monthly mortgage, thus shortening my loan term and decreasing my total interest paid. Do any of you money wizards know of a good calculator where I can play with the numbers to see how my payoff date, interest paid, etc will be when I adjust my payment amounts. My google fu doesn't seem to be very strong today and I haven't found a good website.

I'll hang up and listen off the air.