Questions
Does the estimate of $192/mo. for DDA on TV "Estimated Monthly Cost of Living in The Villages" flier include the interest? I had assumed so since this represents paying it over time. This information makes you think it is based on the home value because it states it is based on a $250K home. But from reading your comments I see this isn't a correct assumption. Since many of you have pointed out the benefits of paying it off, I probably should consider both options before deciding. I had no idea that the interest rate is 6.5%. Is that correct? Thanks for your help.
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