Is a lower rate always better? Should I apply extra payments to the loan principal or to my Roth IRA? Let's face it, many home owners have mortgages, and the smart ones understand when to stick with the loan you've got or find a new one. Unfortunately, the math isn't always intuitive and optimization lies in solving for the variable you're most sensitive to – cash flow, total interest paid, mortgage payoff date?
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// New Loan
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Enter loan details above to generate analysis
Results are hypothetical estimates for illustrative purposes. Assumes fixed rates and a constant investment return on any cash-flow differences. Actual outcomes depend on time horizon, tax situation, prepayment behavior, and other factors. Not financial advice.