New answers tagged compound-interest
-2
votes
Which mortgage should I pay off first? Same interest rate and mortgage length
You already have two answers, I'll be the guy who go orthogonal:
I suggest you consider to not repay any mortgages early.
If you do, there is an associated opportunity cost, of not investing the money ...
- 105
11
votes
Which mortgage should I pay off first? Same interest rate and mortgage length
However, I just started thinking, and because of the nature of
amortized loans, I'm obviously paying quite a lot of interest in the
beginning....
This is a common point of confusion, the portion of ...
- 69.1k
42
votes
Accepted
Which mortgage should I pay off first? Same interest rate and mortgage length
You haven't accounted for what happens when the small loan is completely paid off.
Seven years into the aggressive payoff schedule you need to shift all original principal and interest payment and the ...
- 136k
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