mortgage payments

[trishn3kids]

I have a 30 year loan with $100.276.36 at 7% interest. i make a $1007.90 a month. How much additional payent should I make to see the principal start to drop quickly? My payment breaks up 720.53 Principal and interest and Escrow deposit 285.72..I still have 26 years left on this loan...

[Loosehead]

any over payment has a dramatic effect just pay what you can. For example on a 25 year loan, doubleing the monthly payment will pay it off in under 10 years. Pay as much as you can it's more financially efficient than saving.