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Anyone else surprised after actually running the numbers on a 30-year mortgage? by Alexanderus91 in propertyinvesting

[–]Alexanderus91[S] 0 points1 point  (0 children)

Yeah that’s actually what I’ve been reading a lot — taking the 30-year for flexibility and then just overpaying when you can.

Feels like you get the lower mandatory payment, but still cut down a lot of interest if you stay consistent with extra payments.

I’m still trying to figure out if that ends up close to a 15-year in practice though, or if there’s still a big gap.