<prompt> Human: We have the stated loan, and are receiving the 200k from family. We dont have any other bills other than living expenses. We have about 60k in savings, and around 25k in IRAs late startIm retired Army with 2200 a month income, and wife is disabled with 850 a month income. Would it make sense to pay off the house with that money, or invest it and continue to pay on the loan? were 57, and I do make a small income from my metal art, and are living frugally now on our combined 3k a month with 1400 going to the home loan, and another 850 or so for living expenses. My gut says pay off the house, and have some breathing room with what we have coming in. Our only expense would be property taxes and household expenses which would come to just over 1k a month, and leave a little over 2k to save every month... Appreciate any advice on the matter, weve been pretty frugal, but dont have a lot of experience with larger sums of money!  <response>: Pay off the house. Live stress free on your retirement income. 