In this episode of the mortgage minute the easiest way to payoff your mortgage early is simple: reduce your term.  No need to do math and/or make extra payments.  Simply put, when rates drop to allow for a potential refinance then consider reducing the term of the mortgage as opposed to starting back over on a 30 year fixed.  Curious how much your payment goes to principal with your first payment on a 30 year fixed?  Well that is discussed and compared to a 20 year fixed, 15 year fixed.