Pay off the Mortgage Faster: Every Little Bit Counts

Even with just a little bit of extra payment every month, you could save thousands upon thousands in interests and pay off the mortgage a lot quicker.

Based on the mortgage amount of $300,000 at the interest rate of 4.25%, an extra payment of $149.21 to the principal could save over $43K of interest and shorten the life of the mortgage by 5 years from 30 years to 25 years.

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