May 11, 2022
5:14:09pm
5:14:09pm
You sure? Let’s say you have 20 years left on your mortgage, and your mortgage is $500,000
Option 1.
Put $500,000 in VOO. Avg 10 year return 14.61% (last 10 years) In 20 years you will have $8,390,124
Option 2
pay off 500k mortgage and invest the non tax 0portion of your mortgage, lets say $2200 a month into VOO. Same rate of return, in 20 years you have $2,851,461.
So in that scenario paying off of $500,000 mortgage cost you $5.5 million. But I guess if it helps you sleep at night it’s worth it!!!! Not so sure…
Even if your return on the market was as low as 7%, it would still cost you about $900,000 to pay off your mortgage.
Put $500,000 in VOO. Avg 10 year return 14.61% (last 10 years) In 20 years you will have $8,390,124
Option 2
pay off 500k mortgage and invest the non tax 0portion of your mortgage, lets say $2200 a month into VOO. Same rate of return, in 20 years you have $2,851,461.
So in that scenario paying off of $500,000 mortgage cost you $5.5 million. But I guess if it helps you sleep at night it’s worth it!!!! Not so sure…
Even if your return on the market was as low as 7%, it would still cost you about $900,000 to pay off your mortgage.
Originally posted on May 11, 2022 at 5:14:09pm
Message modified by JOPE on May 11, 2022 at 5:15:57pm
Message modified by JOPE on May 11, 2022 at 5:16:17pm
Message modified by JOPE on May 11, 2022 at 5:17:07pm
Message modified by JOPE on May 11, 2022 at 5:17:21pm
Message modified by JOPE on May 11, 2022 at 5:20:42pm
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- JOPE
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- Apr 28, 2024
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5/11/22 4:09pm
5/11/22 4:11pm
Pay off my mortgage, drop the rest in to longterm ETFs and then take most of what I'm paying monthly toward my mortgage
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