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Updated over 6 years ago on . Most recent reply
Should I pay principal towards (Mortgage, Auto, or Solar Loan)
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: $3800Interest Rate: 3.75%
Term: 360 months (30 years)
Solar
Interest Rate: 5.49%
Term: 238 months (20 years)
Car
Monthly Payment: $750Interest Rate: 3.29%
Term: 72 months (6 years)