Prepayment vs. Investment Calculator

This calculator allows you to compare the results of prepayment of your mortgage each month with a little extra cash, or investing it instead. The result takes into account your tax situation, assumes you always itemize, give to charities, and pay state and local taxes.

Change these fields as desired:

How much more you have to spend each month
Current monthly payment (principal & interest only)
Current Annual Loan Interest Rate
Current Loan Balance
Loan Interest Deductibility
Expected Long Term Investment Return (%)
Expected Long Term Tax Rate (%) (Federal+State)
Investment Type