<prompt> Human: Household Combined Income: 143,000 35k in savings-Dual income family with a newborn, about to incur 1300mo daycare costs. Health is good and we are in our early 30s with pension and 401ks in place. -Option 1, pay off my remaining student loan debt. Remaining student loan debt: 25k 5.25 interest Monthlies are low, 204, but I want that clean feeling of being paid off!-Option 2: Pay down mortgage so we can refi for a better rate and have a 15 year fixed term. Money needed to pay down mortgage: 30k. Note, We have a 30 year fixed mortgage at 4.125 but had only put down 12 at purchase 1 year ago. We have the opportunity to refi for a 15 year fixed mortgage 2.5 IF I bring down the principal amount by 30k to get the 8020 ratio in one fell swoop. M I will increase from 1850mo to 2,250mo. I wonder how long this excellent 2.5 rate will be around, and Im a bit eager to lock it down, but Im aware in doing so, Ill incur a higher monthly expense for my family. -Option 3: Continue to save and just pay an extra 500-1000 towards each of the student loan and mortgage principal each month to slowly bring the balances down. The LEAST sexy or exciting option by far!What is the best direction to take?  <response>: Id get rid of the student loan. Yes the percentage is low on the home refinance but Id kill off the debt first, then finagle the mortgage to a 15 year. 