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listur65 t1_iyf3x3t wrote on November 30, 2022 at 10:40 PM

Reply to comment by MikeWPhilly in Extra payments seem to make a lot of sense if you’re refinancing now by PlatypusTrapper

You are not wrong. Just want to point out that it varies on the interest of the loan. An extra payment per year on a 30-year loan at 9% gives you 8 years off, but an extra payment on a 4% loan gives you 4 years off.