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Farm Loan Payment Early
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NE Ridger
Posted 10/8/2024 08:42 (#10919109 - in reply to #10919023)
Subject: RE: Farm Loan Payment Early


EC Nebraska
Deere6 - 10/8/2024 07:25

2000 savings if only done 1 yr compounded at 6% for 20 years is $6400…..maybe I’m poorer than everyone else but I will take the 6400….


I’m impressed with this thread. It’s like teaching math to my daughter. She’s decided that she can’t understand it, so she doesn’t.
There are plenty of mortgage calculators out there to play around with. Guys need to run the numbers. The difference is small with 3% interest. Plug in 8%, and the numbers get real.
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