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Italo Mendonca's avatar

You're forgetting a teeny tiny concept called Opportunity Cost, which could invalidate the entire article. Not trying to be a d*ck, just something worth considering.

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Nick's avatar

Comparing $30,000 one time payment to save $172,362 and pay the mortgage off in 25 years to investing that $30,000 in S&P 500 index assuming inflation adjusted average YoY return (6.37%) only nets $140,475. I was surprised and now finally convinced that paying off mortgage early especially with the high interest rates is worth it. However once you have an interest rate lower than 6.37% you net more money investing rather than paying off. (Maybe there are tax reasons paying mortgage off is better still even with a lower rate iif so please let me know)

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