The rule of thumb is to pay – Piggington's Econo-Almanac

June 6, 2012 at 4:29 PM #745186

Participant

The rule of thumb is to pay off the highest interest rate first.

I found an interesting article that does the math…

http://www.mymoneydesign.com/personal-finance-2/mortgage-refinance/which-is-better-paying-down-your-auto-loan-or-mortgage/