Thanks for the info everyone. I like the fact that this site, while sometimes a bit chippy in the bearish direction really tries to help people out when they ask.
I found out that with the first 10 years interest only, I need to make extra principal payments to bring down the balance. Thus, the best call would be to invest the extra, and then begin the new schedule after 10 years assuming I am still in the same loan. (unlikely).Plus the 3018 figure included embedded taxes in case you were wondering why the math was off.
P.S My loan is with BofA. I really like the online tools they have, plus all my banking is now free, which is saving me about $240 per year in Wells Fargo charges.
