"reverse balloon" payoff preference?

[Kurt K.]

Hey everyone, please feel free to "poke holes into my thinking" or tell me if this sounds good.

I am 1 year into my 10 year balloon. I fully planned at the start to have the property paid in 10 years. At first glance, you'd think in a balloon you pay the minimum for 10 years and then the balloon balance of (in my case) $67,757.

However, after a few months I started paying some extra cash flow from the property as added principal to my monthly payment. I have found that at my current rate (plus a couple lump sums that I have coming in) in 4/2016, I can go back to the minimum payment and have it paid in 120 payments ( original 10 years time).

However, my amount of total amount of early payments is $42,055 vs scheduled balloon of $67,757. A difference of $25,702 in "saved balloon" (really saved interest), while maintaining my 10 year loan guideline, I'm just paying the balloon early.

I know the time value of money and such plays into affect, but since I planned on having it paid for in 10 years anyway, I would be saving the balance into a safe account for the balloon anyway rather than putting it into other properties or stocks where it would be volatile.

This is a no-brainer in my situation no? (given that I am paying it off, no refi)