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Let’s look at paying an extra $450 a month on a mortgage
$141,35336% 9.5
Mortgage Rate Monthly $ Mortgage Term Total Repayments Total Interest
Before $400,000 5.25% $2,209 30 years $795,173 $395,173
After $400,000 5.25% $2,659 20.5 years $653,820 $253,820
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