How advantageous are extra payments?

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Making extra payments will save you $63,308.63 in interest

No extra paymentsExtra payments
Total interest paid
$279,017.80$215,709.16
Months until payoff
360291
Principal and interest payment
$1,330.60$1,330.60
Private mortgage insurance (PMI)
$0.00$0.00
Property taxes and insurance
$0.00$0.00
Total monthly payment
$1,330.60$1,330.60
Additional principal payments
$29,100.00


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