I have $15K saved for a house. Should I pay off my student loan or keep my $ for a house downpayment

Tips and Deals Forums Home Insurance I have $15K saved for a house. Should I pay off my student loan or keep my $ for a house downpayment

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    Anonymous

    I’d like to buy a house soon(by 2007). I live in New England so house prices are crazy, probably run around $ 150K for a condo. I owe $ 60.00 a month on my student loan for 6 years at 4.89%(variable every June). Do I give myself an extra $ 60 a month for a mortgage payment and lower the total credit I’m using, though having less for a downpayment? Or do I put the most money possible for my home downpayment and keep my student loan for 6 more years?

    Thanks everyone.

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