Thursday, May 12, 2016

Mortgage - Am I doing the math right?


I read if I double my P&I I could pay off my mortgage in 10 yrs. If I only do half extra it would take 15. So if double would be $1050 and half would be $850. Could I pay $850/mo and do an extra payment of $2400 annually to equal $1050/mo? Or is that not how it works?

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