Quote:
Originally Posted by thegoat
Jim,
I'm going to at least put 6% for 401K to get matching.
As for the terms I think they go as follows:
38K - 15yrs 392/mo
16.9K - 20yr - 135/mo
19K - 20yr - 149/mo
The second group there (135/mo + 149/mo) my parents are helping pay for 2 years and then I will take over those.
My salary is 62K/year + 5K bonus + RSUs which ends up being another 5-10K.
noppenbd - Yeah I didn't think I would really be able to get consolidate the private loans, I've seen a few places give me some offers but it wasn't really going to save me much.
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If you do consolidate, verify the repayment terms are not extended (from 15 yr to 30 year or 20 yr to 30 yr). This is what I meant by know the situation- make sure you compare both rate and term if consolidating.