Home no loan: Should you pay off your mortgage early. – · Home no loan: Should you pay off your mortgage early?. strike events" and not being able to get money out of the house. Simple math.. to pay off his mortgage early, because he can get.
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DailyMathProblem: A mortgage math problem – A mortgage math problem. The loan balance for the 15-year mortgage after 15 years of payment is $0. The loan balance for the 30-year mortgage after 15 years can be obtained by plugging r=0.0343/12, N=180, PMT=890.29, and PV=$200,000 into the FV function in Excel. (You can also use the formula for AO above.) The 30-year loan balance after 15 years is $125,137.
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