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Doesn't seem like unless you just want to be debt-free. Don't forget the tax benefits if you're taking itemized deductions too.
I think you just answered your own question
Rising Star
It’s just math and you answered it for yourself. Congrats on that low mortgage rate I’m SUPER jealous
To be honest, you need to factor in that the majority of your mortgage payment is going to interest now. How much are you making in HYSA vs the annual interest for mortgage?
So although the rate is just 2.5%, how much of that overtime in interest. I would encourage paying additional on the principle of the mortgage, and paying bi-weekly if not already to knock down the overall interest paid. Then try to pay off within 15 years.
Also, with new tax code, to itemize you have to have considerable deductions above standard, and based off what you stated, it doesn't seem like might be the case. I don't know everything though, so you'll need to check if your mortgage interest will impact that.
Yeah correct 5% on HYSA with around $150k in it now.
At 2.5% interest, it makes absolutely no sense to pay it off early, especially if you're disciplined enough to invest the money you would have used to pay it off faster.
Math is math and you're thinking about it in the right way.
Agreed with others. However, the only other thing to think about is whether or not this house will be your forever home. If not, then it really doesn’t make sense to pay extra to try and pay it off.