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Updated over 6 years ago on . Most recent reply

Joshua B.'s profile image
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Joshua B.
  • Member since Jul 21, 2018
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Joshua B.'s profile image
Joshua B.'s profile image
Joshua B.
  • Member since Jul 21, 2018
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Joshua B.
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3
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Personal Finance

Should I pay principal towards (Mortgage, Auto, or Solar Loan)

Joshua B.
Posted

Out of the the 3 loans below, which would make the most financial sense to pay more towards principal?  I am looking to put $10k towards principal payoff.  Please advise.  Thanks!

Home

Monthly Payment: $3800

Interest Rate: 3.75%

Term: 360 months (30 years)

Solar

Monthly Payment: $75

Interest Rate: 5.49%

Term: 238 months (20 years)

Car

Monthly Payment: $750

Interest Rate: 3.29%

Term: 72 months (6 years)

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Costin I.'s profile image
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Costin I.
  • Rental Property Investor
  • from Round Rock, TX
  • Member since Apr 14, 2016
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Costin I.'s profile image
Costin I.'s profile image
Costin I.
  • Rental Property Investor
  • from Round Rock, TX
  • Member since Apr 14, 2016
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Costin I.
  • Rental Property Investor
  • Round Rock, TX
951
Votes |
979
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Costin I.
  • Rental Property Investor
  • Round Rock, TX
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Solar, then car, then home.

  • Costin I.
    • 3 Votes
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