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      08-13-2020, 12:35 PM   #44
FCobra94
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Quote:
Originally Posted by David70 View Post
I have a 15 year mortgage at 2.75 that I am about half way through.
Same.

After doing the math though, throwing 15% more towards the principle each month doesn't really shave off much interest at all at this point though. Yeah, you'll go ~1 year less without having to make mortgage payments, but all that money is going to principal that late in the game anyway.

If anything, your point about not having expenses if you lose your job should be playing devils advocate here; not strengthening your idea of just throwing it at the house. Assume you lose your job in the next ~8 years? Then what? I'm assuming u have savings, but it would be a lot nicer knowing u have a couple years worth of extra principal saved up on top of that to not have to stress it.
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