Windshieldfarmer
Well-Known Member
- First Name
- Randy
- Joined
- Feb 27, 2020
- Threads
- 0
- Messages
- 1,462
- Reaction score
- 2,072
- Location
- Wichita, Ks
- Vehicle(s)
- 2015 JKU, 2020 JlU on order
That would be a typical interest rate for someone with a 550 credit scoreI actually have a copy of TValue which is the software that bankers use to calculate interest rates, payments, terms, etc.
A $55,000.00 loan over 72 months at $1,228.00 per month works out to 17.145% interest, or more colloquially known as credit card interest ... LOL
The total interest paid would be $33,416.00. On the upside, your last payment would only be $1,210.71
Sponsored