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Re: Morgage shopping, ARM or 30 Fixed?
Old 05-21-2007, 06:01 PM   #17
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Join Date: Jun 2002
Location: Texas Hill Country
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Quote:
Originally Posted by Peaceful_Warrior
Why are you planning to pay off the mortgage early? Have you done the math to determine which gives you more assets?
- Paying off the loan early
- Paying off the loan as scheduled, then investing the difference

I found that paying off my mortgage early (or with a lump sum) was actually financially more costly than paying it for the long haul.

However, with different interest rates and investment assumptions, YMMV.
Oh boy....

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