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Personal Finances / Buying or Selling a Home


Subject:  mortgage calculator? Date:  2/22/2014  10:49 AM
Author:  PaintItBlue Number:  126830 of 128887

Are there calculators on here that can tell me what I want to figure out?

I got a house 7 years ago. I'm happy with it, though it sure would be nice if I could take advantage of the lower interest rates. And I never intended to take 30 years to pay it off, in fact I've thought of paying the mortgage off before retirement. (I have a 30 year fixed rate mortgage at 6.15%.) Unfortunately with the crash, home prices dropped, & I haven't been getting anywhere with refinancing.

So what I have been doing is paying extra on principal every month.

What I'm wondering is:

How long would it take for the mortgage to be paid off if I kept going the way I am now?

What would I have to do to pay it off in 10 years? In 15?
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