Dusting off an old thread that I started a couple years ago. I am nearing the pay-off of my loan. Along the way, I re-amortized to $550/mo to get it paid off sooner. I now have $3346.43 left, which will result in 6.08 more payments. When I have it paid off, I want to continue paying the same amount as a contribution. Any advice as to how I can make that transition seamless? I tried re-amortizing to the exact amount ($557.74), but it recalculates interest when you re-amortize, so I don't think there is any way to pay it off perfectly. What is going to happen? Will I have some tiny amount taken out on the 7th pay period? Should I plan to increase my regular contribution after the 6th payment, or wait until the 7th? At any rate, my contribution outside of the loan repayment is 5%, so I have been and will continue to receive full matching. Any tips appreciated.
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