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I'm lacking an amortization schedule and am hoping that someone on this board can assist with a calculation.

In a tax bracket of @ 28%, would it be more financially advantageous to pay down the balance of our 26 1/2 year mortgage (7.125% interest)using $67.00 monthly put on the principle (comprising one payment annually), or

Would it be best to put the $67.00 monthly into hubby's 457S plan with the state of California? The most aggressive options for that 457S are PRNHX AND PRITX. Hubby retires in 17 years and we'd like to be done with the mortgage upon his retirment.

Thanks for any pointers you can offer :)

Marcella

(p.s. I posted this to one other board, but thought perhaps this board might be a tad more appropriate.) :)
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