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northwest Ohio | I would throw both in an amitorization table, I believe you can download an excel template or get one on FCS's website. Then you are looking at real dollars to compare. next you have to put your own value on the other pro's/ Cons. and decide from there. I always have to put something into the same "medium" to decide, usually I use money or time depending on the situation.
I'm in a similar situation, and determined which to pay down. Now I've refinanced twice, and its even cheaper than it was. So I'm deciding how much cash to keep back incase the next piece I want happen to come up vs, save on interest (albeit low) and borrow against the farm I may pay down to buy the next one.
either way, its a good problem to have.
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Which real estate debt would you pay down first?
