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All Forum Posts by: Joshua B.

Joshua B. has started 1 posts and replied 3 times.

Personal Finance

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

Joshua B.Posted
  • Posts 3
  • Votes 1

Thanks Cassi!

Home $600k

Car $50k

Solar $15k

0 Votes
Personal Finance

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

Joshua B.Posted
  • Posts 3
  • Votes 1

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)

1 Vote