$10k Pay Car Loan or Home Downpayment in 12-16 months

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$10k Pay Car Loan or Home Downpayment in 12-16 months

01-30-2007, 10:07 PM

TheStation TheStation is offline

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$10k Pay Car Loan or Home Downpayment in 12-16 months

Scenario:
Pay $10k towards a 4.9% interest car loan

OR

Use $10k to add to your home downpayment that you will be making in 12-16 months. With or without this $10k you will only be able to put down 10% on a home but not hit the 20% mark.

Thoughts?

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