Quote:
Originally Posted by blkgsr
my mortgage renewal is up in april.
going to be roughly 1/5th or even that of my house "value"
i have probably $30K left of my truck loan at 3.49%
would you say it would be best to roll that into my mortgage or just pay the truck loan off separately?
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Just for shits and giggles, 15 year mortgage, after 5 years at 2.7% interest rate, you would still owe $21K on the truck and almost $3500 in interest and you still have 10 more years to pay off the rest of the truck but monthly payments would be $203 per month.
On paper it doesn't see like a lot of $$$ but like what Hud said, you will end up paying more for your truck than the 4 year loan.