im so glad I started this thread... I had no idea that even adding $20.00 per month would help... going by those online calculators, adding $20.00 per month cut off over 3 years of the 15 year loan...that's huge.... im gonna try to figure out what difference that makes on my truck payment... I have 5 years to pay on my new truck... im assuming same logic can be applied there... I was under the assumption that I would need to double payments in order to pay off early but this is not even close the the case...even an extra $10.00 per month cut off 15 months from the bill..thats gigantic....
