Loan Analysis

SavU Bank Loan Analysis   Payments for Varying Interest Rates
Date March 4, 1999   Interest Rate Monthly Payment Total Interest Total Cost
Item Home Theater     $437.87 $3,167.68 $24,517.68
Price $21,350.00   8.00% 435.77 3,066.99 24,416.99
Down Payment $3,500.00   8.25% 437.87 3,167.68 24,517.68
Loan Amount $17,850.00   8.50% 439.97 3,268.67 24,618.67
Interest Rate 8.25%   8.75% 442.08 3,369.94 24,719.94
Years 4   9.00% 444.20 3,471.50 24,821.50
Monthly Payment $437.87   9.25% 446.32 3,573.36 24,923.36
Total Interest $3,167.68   9.50% 448.45 3,675.50 25,025.50
Total Cost $24,517.68   9.75% 450.58 3,777.94 25,127.94
      10.00% 452.72 3,880.66 25,230.66
      10.25% 454.87 3,983.67 25,333.67
      10.50% 457.02 4,086.98 25,436.98
             
             
             

Last Updated on 3/4/99
By Kevin
Email: [email protected]