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Should I pay off debt or invest my extra money?
Compare interest avoided with uncertain investment growth.
Looks favorable based on your numbers
Invest-first shows more modeled money
This compares ending savings minus remaining debt using the same monthly cash. Investment growth is uncertain.
Debt-first — savings minus debt
$16,141
Invest-first — investments + cash minus debt
$16,931
- Interest avoided by debt-first
- $810
For educational purposes only. ClearPath provides estimates and scenario comparisons based on the information and assumptions entered. Results are not financial, investment, tax, legal, or accounting advice and are not a guarantee of future results.
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Example numbers are shown until you change them. Nothing entered here is saved.
Important assumptions & disclosures
- Equal cash budget including the existing debt payment. Freed payments go to cash after payoff. Investments may lose value; the assumed return is not guaranteed. No taxes or fees.
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