Wednesday, October 19, 2011
Paying Off a Mortgage
It may be better to work out a plan to pay off your current loan. On a $100,000 loan your interest at 5% will be over $40,000 for a 15 year loan. Early mortgage payoff calculator here.
Bankrate has numerous calculators you can use to see how making additional payments will lessen the length of your loan. Check here.
Payoff calculator at Loan Shoppers
Loan Amortization Table here