[quote=joec]One thing to also be aware is near the end of the loan term, you start paying less/little interest (relative to early in the loan). Paying it off early at that point doesn’t help you lower your interest paid since the interest was front loaded and you already paid it.

You’re only paying off more principle with additional payments.[/quote]

That’s a good point. I had saved some money to invest in stocks but never did buy any and its getting zero interest. So it would be better for me to do a lump sum payment to get it down to 15 years then build up the money again to invest in stocks.