Sam · What-If StrategistWhat if I paid off my mortgage early?
Paying a little extra each month can clear your mortgage years sooner. See the interest you'd save — and the trade-off.
Free to start · iOS & Android
Guaranteed saving vs. potential growth
Extra mortgage payments go straight against principal, cutting both the payoff time and the interest you'll ever pay. That saving is guaranteed. The catch is opportunity cost: the same money invested might earn more. This shows the interest saved so you can weigh it.
Questions people ask
How much can extra payments save me?
Extra principal compounds in reverse — it can shave years off the loan and save a large sum in interest. The exact amount depends on your balance, rate and how much extra you add.
Should I pay off my mortgage or invest?
It depends on your rate versus your expected investment return, plus taxes and peace of mind. Paying down a mortgage is a guaranteed return equal to the rate; investing is potentially higher but uncertain.
Are there downsides to paying early?
Possibly — it ties up cash you can't easily get back, and some loans have prepayment terms. Keep an emergency fund first and check your loan's conditions.
Related what-ifs
See it on your real money
Track your net worth, then ask Sam any “what if.” Free to start, on iOS and Android.
or download the app
