Yes. This.
We've committed to paying off our mortgage by the end of 2012. We'll save over $49,000 in interest.
But Not This.
If we followed our 30-year note's schedule, our house would cost us twice the list price. Not big news -- mortgage interest is the price of borrowing -- but we're opting out.
Mayor of Nerdville
Any new financial project sends me to my pimped-out financial spreadsheets. I've done a general projection of our proposed mortgage pay-off -- with graph, of course :) -- but I could really go much more in depth. And then there's the matter of how to invest after we're paid off.
Shhh, Don't Tell...
...but I can barely wait to get home to play with more numbers.
Question of the Day
Which do/would you prefer: owning or renting?
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