Pay off mortgage in 15 years, or 3 years taking into account tax savings and

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hello5678

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interest savings.? I’m looking for a mortgage calculator online that will help me determine which option would be better: 1) If we spread it out and pay the mortgage in 15 years, or 2) if we pay it off quickly in 3 years.

I need it to take into account both tax benefits AND interest savings. So far I’ve only found calculators that take into account one or the other when doing a comparison, but I need both factors, and even something that takes into account investing as well. Does anyone know where to find something like that?
 
Tax benefits can only be 1/3 (approximately) at best. Recall, the AMT provision kicks in at modest income levels.

So, it will almost always make sense to pay off the loan faster (tax benefits notwithstanding).

- Incidentally, I paid off my loan in slightly less than 4 years. It feels very liberating to have had no mortgage for years.
 
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