HOW TO PAY DOWN YOUR MORTGAGE FASTER



Did you know that if you were to pay an extra $100 per month, you’d pay off your mortgage 6 years sooner and save almost $30,000 in interest.

Making REGULAR monthly payments would take 360 months (30 years) to payoff and total interest paid would be $123,610.

Making monthly payments with an EXTRA $100 would take 288 months (24 years) to payoff and total interest paid would be $94,080.

This example is based on a 30-year fixed rate mortgage for a $150,000 home with an interest rate of 4.5%

This is an easy way to pay down your mortgage faster.

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