Free Overpay Mortgage Calculator to Pay Off Mortgage Early
Free Overpay Mortgage Calculator to Pay Off Mortgage Early
Jan 22, 2020
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Replying to @Shaunie_bby to pay a mortgage off early we focus on the additional principal payments we make each month! #budget #budgeting #tips #mortgage #home
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💰 Pay Off Your Mortgage 7 Years Early 🏠 Paying an extra $340 monthly on a $500k mortgage at 6.5% saves you $174,693 in interest and cuts 7 years off your loan. Most people just pay their minimum monthly payment and end up paying hundreds of thousands extra in interest over 30 years. But adding even a small amount to your principal each month dramatically reduces your total interest. 💡 The key is that mortgage interest is front-loaded, so every extra dollar you pay toward principal in the earl
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