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Updated over 6 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Joshua B.
1
Votes |
3
Posts

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)

Most Popular Reply

User Stats

980
Posts
956
Votes
Costin I.
  • Rental Property Investor
  • Round Rock, TX
956
Votes |
980
Posts
Costin I.
  • Rental Property Investor
  • Round Rock, TX
Replied

Solar, then car, then home.

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