Posted by TRAY on .
Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information:
Principle and Interest payment
Current Loan Balance
Explain whether or not it would be reasonable to do this is if you currently meet your monthly expenses with less than $100 left over.
See previous post.