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However most of the calculators seem to assume that my mortgage rate is going to stay at a record low rate past my 5 year fix which is not realistic. Are there any calculators out there that account for this?
Dunno, haven't seen one. At the point where your mortgage becomes 5% or greater, you would probably then take money from your investments and start to pay it down again.
You would also have lots of other things to worry about at that point though.
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I don't think I've ever come across one, but if I wanted to know it's a 5 minute excel job?
However isn't it only useful if you can compare it to a realistic expectation of said Lifestrategy fund?
Howard
onyerbike
@cjr
I understand that when it comes to overpaying mortgages, the current logic is that your 1.xx % mortgage rate is way lower than a decent LifeStrategy return so its better to invest (from a purely financial point of view).
However most of the calculators seem to assume that my mortgage rate is going to stay at a record low rate past my 5 year fix which is not realistic. Are there any calculators out there that account for this?