The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: mortgage calculator?||Date: 2/22/2014 10:49 AM|
|Author: PaintItBlue||Number: 126830 of 128403|
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?
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|