What happens if I pay an extra $500 a month on my mortgage?

What happens if I pay an extra $500 a month on my mortgage?

Early Mortgage Payoff Examples If you paid an extra $500 per month, you’d save around $153,000 over the full loan term and it would result in a full payoff after about 21 years and three months.

See also  WHAT DID phone numbers look like in the 1950's?