save if you pay it off in this amount of time, etc. To figure all of this out, the easiest part of this is to figure out how far along you are within your mortgage. Once you do that, reduce the remaining maturity of your loan from 25 years to 20 years because like it says you want to reduce it by 5 years. The next thing to do is to put together the loan details, then alter the maturity and determine the monthly principal and interest payment. If there is any increase within your monthly expenses, then…
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