🎁 How should you prioritize inheritance: debt, investing, or a new home?

Finn

This calculator helps you weigh three common paths for a financial windfall: investing it, paying off debt, or putting it toward a new home. It’s a thoughtful remix that expands on its original source by adding the real estate option and adapting the math for fixed-term loans like cars. However, you'll want to be careful if your windfall isn't large enough to fully pay off your debt, as the math currently assumes your monthly payments are freed up to invest regardless. Additionally, the new home scenario uses a simplified calculation that undervalues the benefit of avoiding a mortgage, so keep that in mind before ruling out real estate.

Reviewed v26.9.0