$1000 extra mortgage payment saves how much interest?

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$1000 extra mortgage payment saves how much interest? video duration 15 Minute(s) 6 Second(s), published by Drawbridge Finance on 18 04 2019 - 20:00:00.

How much interest can be saved by making just one payment of $1000 to your mortgage? I'm going to breakdown the numbers and compare the principal

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How much interest can be saved by making just one payment of $1000 to your mortgage? I’m going to breakdown the numbers and compare the principal payment to the interest payment to see just how much money can be made making an extra mortgage payment at different times during the mortgage. I will also compare this to a scenario where the money was invested instead, as it is often the case in 2019 that paying down the mortgage is not the choice that will make the most money.
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