| Topic List | Page List: 1 |
|---|---|
| Topic | Pay off mortgage faster or max 401k? |
| NoblWolf 10/27/20 3:37:59 PM #21: | Have you looked into how much extra you'd need to pay on your 30-year to match what you'd end up paying for the 15-year? There's probably a calculator out there somewhere that would determine this. It wouldnt lower your interest but I'm assuming the 15-year would still have higher monthly payments even with the lower rate. You also need to ask yourself if it's your forever home. Cuz if it's not, then you can also factor in the value (and guesstimate projected value) of your home as well. There's also a lot to be said about the peace of mind on being debt free. That said, and generally speaking, you'd want to also max/match whatever contributions your employer does pay into your 401 (if you can spare it). --- Brother's YouTube channel: AB_XY ... Copied to Clipboard! |
| Topic List | Page List: 1 |