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Old 03-15-2005, 10:39 PM   #8
TRR TRR is offline
The Priest and I
 
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Join Date: Mar 2003
Location: CO
Casino cash: $5045
Here was his example problem...

Price $154,000.00 Rate 8.25%
Down_Pmt $32,000.00 Years 15
Loan_Amt $122,000.00 Monthly_Pmt $1,183.57
Total_Int $91,042.82
Total_Cost $245,042.82



Rate Monthly Pmt Total Interest Total Cost
$1,183.57 $91,042.82 $245,042.82
7.50% $1,130.96 $81,571.91 $235,571.91
7.75% $1,148.36 $84,704.16 $238,704.16
8.00% $1,165.90 $87,861.20 $241,861.20
8.25% $1,183.57 $91,042.82 $245,042.82
8.50% $1,201.38 $94,248.81 $248,248.81
8.75% $1,219.33 $97,478.92 $251,478.92
9.00% $1,237.41 $100,732.94 $254,732.94
9.25% $1,255.61 $104,010.63 $258,010.63
9.50% $1,273.95 $107,311.74 $261,311.74
9.75% $1,292.42 $110,636.04 $264,636.04
10.00% $1,311.02 $113,983.28 $267,983.28
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