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Old 11-04-2021, 08:28 AM
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DeanFL DeanFL is offline
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We got another 'reminder', when getting our tax bill, to check out the bond etc.

Our bond (district 9) is about $20K. Decided to NOT pay it off early. Bought new house in 2015, so 6 years paid already.

Reviewing the online ammort schedule, over the 29 years life of the bond - the total INTEREST paid would be MORE than the net bond$$$. Approx $20K Principle and $21K Interest. Rate is 5.507%.

So back in 2015, for us, it made sense to NOT pay the bond...at that time. NOW, we will pay off the bond.
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