Mathematically, yes, it depends on the interest rate. Over the reality of how humans work is people who pay their house off early are the type of people who tend to make other good financial decisions. And so paying off your house early is good advice even though it seems like it shouldn't be by any mathematical means. If you are the exception that actually has the discipline to invest in things that are better than a house Again, assuming common interest rates and other investments available - you are better off, but the reality is that type of person doesn't exist.