[fireant911]

rattlsnak,
I have my amortization calculator back. There is one more interesting point I would like to share with you (although you may already know this). The amount of principle/interest changes with each payment (the amount going to principle increases while interest decreases) - at the first payment (from the example I provided earlier), the interest you pay on the 30 year mortgage is a whopping $625.00 whereas the principle is just $180.23. By making the proposed $184.70 additional money to principle along with the first payment, you have saved yourself a whole payment already (that one payment saved you $627 in interest... that is a nice return on your investment!).

We used to even collect all of your change from around the house when it came to payment time.