Not stupid to do - but not all that useful either.
A lot of variables at play.
Most importantly - remember that what little you're paying in interest is tax deductible - so that lowers your actual interest rate considerably.
Then there's inflation - the value of money goes down over time. So a $2000 payment today will only be $1960 next year if there's 2% inflation. (value wise - adjusted for inflation).
So - you've basically got free money. It's not costing you a whole heck of a lot.
You HAVE to factor this in when doing an analysis. You can't just look at the interest paid over 15 years and call that figure a loss.
Then as others have said - what ELSE could you do with the money you'd want to put towards paying it off?
Do you have any credit card or higher interest debt? Get rid of that first.
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Today's Featured Article - The Ferguson System Principal An implement cutting through the soil at a certain depth say eight inches requires a certain force or draft to pull it. Obviously that draft will increase if the implement runs deeper than eight inches, and decrease if it runs shallower. Why not use that draft fact to control the depth of work automatically? The draft forces are
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