Suppose you take out a 30 year mortgage for $ 175000 at 4% interest. The monthly payments on this loan are $ 835.48. If you pay an extra 10% per month on your mortgage, how soon will you pay off the loan? New length in years = How much will you save in interest by making the extra payments? Saving = If you put $ 835.48 per month into an annuity earning 7.75% interest compounded monthly for the remaining time on your original loan, how much money will you have at the end of the original 30 years? Extra savings =