Lots of great answers in here already. Basically you will save money by going with weekly or bi weekly accelerated payments.
All lenders offer different pre payment options. Most of them will allow you to pay up to 20% of the principal off per year without penalty and also increase your payments by 20% as well. However some will allow you to do 25% and some only 15%. Make sure you know exactly what is offered by the lender you are getting the 3.75% through.
If you can put down significant lump sum on the mortgage every year that will help you pay it down REALLY fast. Especially in the first years of the mortgage when most of your payments are going towards interest and not much is going towards principal.
Feel free to ask anymore questions. I have links to mortgage calculators on my website as well where you can enter different scenarios and see the different outcomes as far as interest paid and overall ammortization schedules.
Congrats on the house!
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