Not stupid to do - but not all that useful either.
A lot of variables at play.
Most importantly - remember that what little you're paying in interest is tax deductible - so that lowers your actual interest rate considerably.
Then there's inflation - the value of money goes down over time. So a $2000 payment today will only be $1960 next year if there's 2% inflation. (value wise - adjusted for inflation).
So - you've basically got free money. It's not costing you a whole heck of a lot.
You HAVE to factor this in when doing an analysis. You can't just look at the interest paid over 15 years and call that figure a loss.
Then as others have said - what ELSE could you do with the money you'd want to put towards paying it off?
Do you have any credit card or higher interest debt? Get rid of that first.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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