I refinanced in summer of 2013 = $247,000 2.75%/15 yr. My monthly payment is $1930 and I've paid some extra principal, but not lately. My current payoff amount is $210,500.00
Wife and I already max our 401K & ROTH contributions each year and now wondering how I best payoff my mortgage early. I have about $12K extra each year that I can either invest (taxable account) or just send in extra mortgage payments. Since my mortgage% is so low, I figure I can invest the 12K in VTSAX, tax harvest when I can, then withdraw at some point and just pay off the mortgage.
How much faster do you think I can payoff my mortgage using the investment route vs. just paying extra principal??
Thanks