5
5
Home Loan
Monthly Penalty
Total Cost of
Credit Standing Interest Rate Payment Cost
Bad Credit
Good Credit
7% $798.36 $0.00 $0.00
Slightly Damaged 9% $965.55 $167.19
$60,194.15
Damaged
12% $1234.34 $435.98 $156,949.96
***Based on $120,000-30 year loan with no down payment***
Auto Loan
Monthly Penalty
Total Cost of
Credit Standing Interest Rate Payment Cost Bad
Credit
Good Credit 5.75% $288.25 $0.00 $0.00
Slightly Damaged 12% $333.67 $45.42 $3,948.00
Damaged 20% $397.41
$109.16 $7,772.40
***Based on $15,000-5 year loan with no down payment***