44 y.o.
1.705 million saved for retirement
209k saved 529
annual savings 90k
133k home mortgage debt 2.5% 30 year fixed
business building debt 109k 3.8% fixed 7 year remaining on note (monthly payments are $1544 vs home is $577. Building is 50/50 ownership with business partner
Income 325k
Does it make any sense to accelerate the loan payoff on the business building. It would be nice to free up that $1544 every month but not sure if it’s worth the effort.
1.705 million saved for retirement
209k saved 529
annual savings 90k
133k home mortgage debt 2.5% 30 year fixed
business building debt 109k 3.8% fixed 7 year remaining on note (monthly payments are $1544 vs home is $577. Building is 50/50 ownership with business partner
Income 325k
Does it make any sense to accelerate the loan payoff on the business building. It would be nice to free up that $1544 every month but not sure if it’s worth the effort.
Statistics: Posted by TarHeel2002 — Thu Sep 12, 2024 1:16 pm — Replies 4 — Views 122