Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Pay off the car or put a dent in student loan?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Pribilof" data-source="post: 16132545" data-attributes="member: 155968"><p>No he won't.</p><p></p><p>He will still pay down FASTER and pay less overall interest if he pays a chunk of the higher rate loan first. It's math dude.my made up numbers proved the point. Two loans, six loans, thirty loans, who cares?</p><p></p><p>$10k loan at 0%</p><p>$20k loan at 10%</p><p>Same as a $30k loan at 6.66%</p><p></p><p>Pay off the $10k loan and you have a $20k loan at 10%</p><p></p><p>Pay $10k of the $20k loan and you have a combined remaining $20k loan at 5%.</p><p>$10k at 0%</p><p>$10k at 10%</p></blockquote><p></p>
[QUOTE="Pribilof, post: 16132545, member: 155968"] No he won't. He will still pay down FASTER and pay less overall interest if he pays a chunk of the higher rate loan first. It's math dude.my made up numbers proved the point. Two loans, six loans, thirty loans, who cares? $10k loan at 0% $20k loan at 10% Same as a $30k loan at 6.66% Pay off the $10k loan and you have a $20k loan at 10% Pay $10k of the $20k loan and you have a combined remaining $20k loan at 5%. $10k at 0% $10k at 10% [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Pay off the car or put a dent in student loan?
Top