Re: $10k Pay Car Loan or Home Downpayment in 12-16 months
What is your home mortgage?
If you have a 6% or 7% mortgage, 30 yr fixed, then the 10K payment should save you quite a bit of interest over time. And if you hit 20%, you should save some money on PMI insurance.
I would say the larger mortgage downpayment is slightly better, no?
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