Find out the prepayment times of your loan bank first. Not all banks are free to prepay indefinitely. Some are liquidated damages, and some are limited in quantity. Generally speaking, if you repay in advance, it is most worthwhile to discuss with the bank to shorten the repayment period. Moreover, you should also consider your own economic pressure and risk tolerance and reserve a reserve fund for early repayment.

The mortgage is 600,000 yuan, and the first prepayment is 50,000 yuan. If the repayment period is shortened, the interest saved is 168382 yuan, and the interest saved for each repayment is decreasing. If it is to reduce the monthly repayment limit, it will save 52883 yuan.

Personally, the less the number of prepayments, the more cost-effective.

It is said that this deposit and loan method is very cost-effective and convenient, but I have never used it personally, and I think it is more complicated, so I think it is necessary.

Generally speaking, in fact, the most economical way to pay off the mortgage is to pay off the mortgage as soon as you can afford it.