Recently I bought a house but really do not know a lot about time value of money. I took out a $450,000 loan (pv) w/ a 4% interest rate. Payments are made monthly in the amount of $2,726.91. How long until my home is completely paid off (0=fv)? Using the same information as above how much faster (n) could I pay off my house if I added an extra $500 to each monthly payment?