This is how I made that decision and the details around it.
Comments
Thanks for the video! I came to a similar conclusion using much the same process. In Canada, mortgages can't be a tax deduction so the $70-80k in avoided interest is "after tax" money, meaning it would take $110-$120k in wages to make that much take home pay. The 5.6% guaranteed 'return' from paying off the mortgage is also after tax and not subject to any type of capital gains tax. You would have to earn a much higher return in the markets to overcome this.