ZOWLY
The math, not a nudge
Should I pay extra on the mortgage?
Where does the extra dollar work hardest?
Paying the mortgage down early feels good. But a dollar saves the most where the rate is highest — so if you're carrying pricier debt, that usually comes first. Here's the math on both.
Higher-interest debt? (optional)
If you're carrying a card or loan at a higher rate, add it — leave the balance at 0 if not.
The one thing this doesn't weigh: whether to invest the money instead. That's a licensed-advice question, and Zowly stays out of it — though the
general tradeoff is worth a read if you're weighing it. This compares your
debts and flags the cash-flow angle — the extra should never come from your emergency buffer. What you do with the answer is your call.
You entered these numbers; every figure is a projection based on them (rate and payment held constant), not a guarantee.
Zowly is a financial calculation and education tool, not a financial advisor.