But the OP does not have a VR mortgage!! The obvious answer as to which of the 3 options would give you the better return is option 3. Given the low tracker rate there is no case to be made for paying down your mortgage as virtually any comparable secure investment would give you a better return. Have you maximized your pension investments. If not you should consider AV's or other pension related investments if you are in a position to put these funds away until retirement.You can really only compare the (after-tax) rate on an instantly accessible deposit with a variable rate mortgage.
Option 2 gives you less flexibility than option 1.1. Pay €60k off €210k and have a reduced monthly repayment of approx €713 for the remaining 222 payments.
2. Pay €60k off €210k and reduce the term to approx 145 payments (according to Pepper).
Can anybody see if any 1 option stands out as better then the others. (1 and 2 look the same to me).
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