Re: Mortgage prepayment question

> Okay, I just wanted to make sure I understood the concept right... it
> seemed right, but it seemed too easy.
> 
> Thanks,
> Mike

Look at it this way. If you compound the $102 for 30 years at 6.7%/yr or 
so, it grows to $712. i.e. if you invest it at exactly the rate of your 
mortgage, you'll have it match that last payment.
Joe

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