Originally Posted by
TipTanks
I'm <40 and have a 28 years left on a 30 year mortgage at 2.25%.....paying off the mortgage is the last priority.
On a 30-year mortgage of $425k you’ll pay $195k in interest over the duration.
https://www.bankrate.com/mortgages/a...on-calculator/
That requires an additional $500/month investment over 30 years at 6% with 3% inflation.
Just using online calculators I’m a complete noob as far as Finance is concerned.
I’m sure there’s a break even point somewhere where it does/does not make financial sense to pay off.
2.25% is that fixed?