WITHOUT |
WITH |
|
---|---|---|
Years to pay off: | 30 | 20.7 |
Interest savings: | 0 | $83,835 |
Monthly payments eliminated: | 0 | 112 |
Total payment savings: | 0 | $102,451 |
Equity after 5 years: | $3,118 | $10,795 |
Equity after 10 years: | $8,378 | $29,703 |
Balance due after 20.7 years: | $63,740 | 0 |
Average monthly savings: | 0 | $338 |
Average yearly savings: | 0 | $4,057 |
Cash available after 30 years: (Based on a 10% investment yield) |
0 | $159,200 |
|
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