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· Waking Up in a Paid-Off House // A Farewell to Our Mortgage.. We paid off our mortgage in 15 years and feel the debt relief! Paying off early is good. however, when we got out in years the interest amount had dropped significantly.. We are not anywhere near paying off our principal mortgage (and won’t do it before we move abroad), but.
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We based annual mortgage payments on the annual principal and interest payments for a $200,000 loan in that location, using average mortgage rates in each county. Finally, we ranked locations based on these four factors, and then averaged those rankings, giving equal weight to each factor. The average Florida mortgage rate for a fixed-rate 30.
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