Please review my attachments
Cheryl, I agree with Cynlite completely. As someone who specializes in finance, she is more qualified than I am to discuss this. However, look at my attached amortization schedules in pdf format. One of the files has "home equity" in the name. That loan is based on the entire $32k over 7 years. Look how much less it is than the Discover loan!! Also, keep in mind that the interest in the home equity one is fully deductible for the life of it. If it were me, I would look to pay off the Citibank loan at 0% as scheduled. One can never do better than 0%. I would refinance the Discover and Credit Union loans. When looking at my schedules, review the last column to the right which shows cumulative interest paid over the life of the loan. Btw, I have e-mailed you the Excel template so that you can play with these numbers and put in extra payments of principal in if you like.
Good luck!!
Gene
__________________
Car Accident 2002 - Small Herniated Disc C3/C4
1998 Larger Herniation and Cervical Fusion C3/C4
2005 Herniation C4/C5 - 40 epidural steroid injections from Oct 2005, - Oct, 2007
2008 - Foraminotomy at C6/C7 on left side
Feb, 2010 - Cervical Fusion C4/C5
Dec, 2010 - Lumbar Fusion L3/L5
2013 - Bulge on C5/C6; herniation C6/C7 right side
Mar 26, 2013 - Foraminotomy at C6/C7 on right side
May 5, 2015 - ADR with Dr Blumenthal of TBI for C5/C6 using Mobi-C
|