Question:
I am indeed over 15,000 dollars for some surgery that is alas, not covered by my insurance.
I don't mind paying a little more because of interest, and I will be paying more then the minimum payment of course. I guess there is a rate of 11.90% APR.
I was just wondering, what I would have paid total after the 60 months if I only paid $333 a month.
Answers:
Since you already have the loan, and you want to save on the interest, you can always pay extra each month and advise them you want it applied toward the principle. If you're a home owner, you can always get a second mortgage which should be tax deductible.
If the paymet is $333 and it is for 60 months you will pay $19,980 at the end of the loan.
omg are u serious 11.9 apr that is crazy i wouldnt pay for that kind of interest try to get it in the 5.0-5.25 APR more then 5.25 will be painfullly in the long run
You'd be paying back $19,980 which would mean that the loan will have cost you almost $5,000.
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If you paid $333 per month for 60 months you would have paid $599400! More than enough!
19,980.00 TOTAL
Duh! Multiply the payment, $333, by the number of months, 60. This ranks as one of the dumbest questions on Y/A ever. Especially since you say you already have the loan you must be 18 or older. A third grader could figure this out on their fingers.
Wow I was unaware anyone was that stupid well except for Jojo, but she's a short bus third grader.
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