Re: $10k Pay Car Loan or Home Downpayment in 12-16 months
I think if you crunch the numbers the results would be about the same. 4.9 vs 6% (less mortgage interest and possible PMI deductions). Without knowing exactly what your income is and the cost of your home, I dont think we can make an exact determination.
Are you (or your spouse) eligable for a ROTH in 2006? This is another place you might want to consider putting some money.
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