Thanks David. I didn't understand what should be $5,000? 10% of 60k is $6,000, hence $500 per month.This should be $5000.If I guesstimate then you are likely saving/investing $60k per year in taxable+retirement accounts then it will be $6k extra for the mortgage. Just set the monthly mortgage payment by an extra $500 for simplicity. Sometimes, folks like bi-weekly to match the pay-stub schedule and that is also good option in your case since it results in one extra payment towards the pay-down.
If you do this, make sure to stop it when the principal is close to $750K. (If you stop a bit early, it won't make much difference, since the normal principal part of future payments will get you under $750K quickly.)
Statistics: Posted by babystep — Sun Sep 14, 2025 11:57 am — Replies 14 — Views 1164