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Interest examples *
Based upon your individual credit challenges, this chart is an example of how much money you may be losing each month, and over a 30-year time period. Bad credit also affects your auto and homeowners insurance, your credit card rates, and auto, boat and motorcycle loan interest rates.
Wouldn't you rather save that money for other things such as vacation, college fund, retirement, paying off debts, new television or other "fun" things?
Home Loan (30 year Financing) | ||||
|---|---|---|---|---|
| $100,000.00 Home loan | Monthly | Over 30 years | Lost Amount | |
| Perfect | 6.5% | $632.07 | $127,545.20 | |
| Damaged | 9% | $804.62 | $189,663.20 | $ 62,118.00 |
| Poor | 14% | $1,184.87 | $326,553.20 | $199,008.00 |
$150,000.00 Home Loan | ||||
| Perfect | 6.5% | $948.10 | $191,316.00 | |
| Damaged | 9% | $1,206.93 | $284,494.80 | $ 93,178.80 |
| Poor | 14% | $1,777.31 | $489,831.60 | $298,515.60 |
$200,000.00 Home Loan | ||||
| Perfect | 6.5% | $1,264.14 | $255,090.40 | |
| Damaged | 9% | $1,609.25 | $379,330.00 | $124,239.60 |
| Poor | 14% | $2,369.74 | $653,106.40 | $398,016.00 |
$250,000.00 Home Loan | ||||
| Perfect | 6.5% | $1,580.17 | $318,861.22 | |
| Damaged | 9% | $2,011.55 | $474,160.35 | $155,299.13 |
| Poor | 14% | $2,962.17 | $816,384.57 | $497,523.35 |
$300,000.00 Home Loan | ||||
| Perfect | 6.5% | $1,896.20 | $382,633.46 | |
| Damaged | 9% | $2,413.86 | $568,992.42 | $186,328.96 |
| Poor | 14% | $3,554.61 | $979,661.49 | $597,028.03 |
$350,000.00 Home Loan | ||||
| Perfect | 6.5% | $2,212.23 | $446,405.70 | |
| Damaged | 9% | $2,816.17 | $663,824.49 | $217,418.79 |
| Poor | 14% | $4,147.05 | $1,142,938.40 | $696,532.70 |
* This information is for example purposes only. Consult your lender | ||||
