Should I Invest or Pay Down My Mortgage?

Some problems are good problems to have. Like having extra cash each month and needing to decide where to put it.

That sounds like a good problem. Which brings us to the “Invest vs. Mortgage Calculator.” This handy visual can show you which approach will suit your needs.

Do you like investing and seeing your money grow over-time? Or do you crave having your mortgage paid off, removing those pesky payments and reducing the interest that comes with it. Both are great choices and you’ll come out ahead either way.

Investing your extra cash is the “math works in your favor” approach. The analytical side of you will prefer this approach, and most of the time you’ll come out ahead as the time-value of money works in your favor.

But don’t discount paying off your mortgage. It’s a HUGE emotional win. The freedom of not having mortgage payments would allow you to focus that money on others things such as experiences or travel that improve your quality of life, or you can invest it and keep your financial engine running.

Now jump in, do you want to invest or pay down your mortgage? Try out the calculator below!

Invest vs. Mortgage Calculator