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 - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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