Making the decision to pay off your mortgage or invest your money is a significant financial choice. This calculator is designed to assist you in evaluating the potential outcomes and guiding you towards an informed decision.

**Formula:** The calculator uses the formula for the future value of an investment, taking into account the monthly mortgage payments and the expected investment return.

**How to Use:**

- Enter the loan amount.
- Input the annual interest rate on your mortgage.
- Specify the loan term in years.
- Provide the expected annual investment return rate.
- Click the "Calculate" button to see the future value of your investment.

**Example:** Suppose you have a $200,000 mortgage with a 4% interest rate and a 30-year term. If you expect a 6% annual return on your investments, the calculator will help you determine the future value of your investments after paying off the mortgage.

**FAQs:**

**Q:**How accurate is the calculator?**A:**The calculator provides an estimate based on the entered values; actual results may vary.**Q:**Should I always prioritize paying off my mortgage?**A:**It depends on your financial goals and circumstances. The calculator helps you weigh the pros and cons.**Q:**What interest rate should I use for the investment return?**A:**Use your expected annual return on investments.**Q:**Can I input monthly interest rates?**A:**No, the calculator requires annual interest rates, but it automatically converts them to monthly rates.**Q:**Is the result guaranteed?**A:**No, the result is a projection and subject to market fluctuations.**Q:**Can I consider tax implications?**A:**This calculator focuses on financial outcomes; consult a tax professional for tax-related considerations.**Q:**Should I consider inflation?**A:**The calculator does not account for inflation; factor it into your decision separately.**Q:**Can I compare multiple scenarios?**A:**Yes, you can run different scenarios by changing the input values.**Q:**Is this calculator suitable for commercial loans?**A:**It's primarily designed for residential mortgages, but you can adapt it for other loans.**Q:**Can I factor in additional monthly contributions?**A:**The calculator assumes constant monthly payments; extra contributions can be considered separately.

**Conclusion:** Deciding whether to pay off your mortgage or invest involves careful consideration of various factors. This calculator provides a useful starting point to help you make an informed decision based on your financial situation and goals. Remember, it's crucial to consult with financial advisors for personalized advice.