This is a common debate amongst people on their way to retirement/financial independence and one that likely has multiple financial and psychological components. Meaning that there likely isn’t one cookie cutter answer to this question. So before making such a big decision, this question deserves some serious thought. This post will by no means be a post telling you what you should do in your own situation, but it will be informative about what the math says about this decision. Thus allowing you to create an equation for your own unique situation/circumstances so that you have all the information available before you make the best decision for you. To Pay…