Should you pay off your mortgage early or invest the extra money? Compare both strategies side by side with your actual mortgage rate and expected investment return.
Deducted from gross return (e.g. 0.2% fund fee).
When on, mortgage interest is partly deductible at your marginal rate (simplified).
Blue = equity from extra mortgage payments; orange = investment account (invest-the-extra path).
Investment Value (end)
$597,908
Interest Saved
$71,216
Payoff Months Saved
109 mo
Verdict
Invest wins by $597,908
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