jdeilus
Silver Member
- Joined
- Jul 5, 2016
- Messages
- 103
- Location
- Prince George, VA
- Tractor
- LS MT 125 (still waiting for delivery)
Contemplating paying it off. At the current pace, it'll be paid off by March of '23, which would be about two years early. I'm at a point where I might be able to pay it off by March '22 which would save me another year's interest. That's only a couple hundred bucks or less since interest is under $15/mo due to the extra payments that brought the principle down. Bank account interest is nothing, so there's no advantage there. Plus with the loan gone, I could make a change in insurance since it would no longer be obligated.
I have been making extra principal payments every month. I’ll have mine payed off by the end of 22. Two and a half years early.