The total of my debt is $178,000 MXN with a 8.5% fix rate payable in 5 years. The total amount with the interest is 230,000 MXN.
If y pay it upfront, I'll only play for the capital, plus a 10% off.
The question here, its going to be a reasonable thing to ask for my father for money to pay it upfront?
I can pay the loan by myself with not much of a stretch, I'll work in consulting, so I'll making 720,000 MXN yearly.
El after taxis we're looking at a monthly salary of 40k. With my life expenses I could still pay the loan and save/invest 10k.
Is the discount worth paying upfront?
I plan paying my dad in 2 years .
Thanks and greetings from Mexico personalfinance :)!
Submitted April 11, 2017 at 11:56AM by Rockyaraccoon http://ift.tt/2ooDTXz
