BATMAN
03-04-2008, 04:10 PM
http://www.myfico.com/myfico/CreditCentral/LoanRates.asp?LoanType=48MUAuto&Region=CA&MonthlyPmt0=%24587&InterestOverLoan0=%243%2C182&range0=720-850&MonthlyPmt1=%24603&InterestOverLoan1=%243%2C965&range1=690-719&MonthlyPmt2=%24617&InterestOverLoan2=%244%2C623&range2=660-689&MonthlyPmt3=%24647&InterestOverLoan3=%246%2C064&range3=625-659&MonthlyPmt4=%24693&InterestOverLoan4=%248%2C258&range4=590-624&MonthlyPmt5=%24705&InterestOverLoan5=%248%2C851&range5=500-589&Calculated=1&LoanPrincipal=25000&Baseline=4&ResetBaseline=4&SavingsOnMonthly0=If+your+score+changes+to+720-850%2C+you+could+save+an+extra+%245%2C076&SavingsOnMonthly1=If+your+score+changes+to+690-719%2C+you+could+save+an+extra+%244%2C293&SavingsOnMonthly2=If+your+score+changes+to+660-689%2C+you+could+save+an+extra+%243%2C635&SavingsOnMonthly3=If+your+score+changes+to+625-659%2C+you+could+save+an+extra+%242%2C195&SavingsOnMonthly4=If+your+score+changes+to+500-589%2C+you+could+pay+an+extra+%24592
TJGoSurf
03-04-2008, 04:39 PM
Thats a great calculator. I was plugging in some numbers just to see if all what I hear is true. I selected the 560-619 FICO score, then did a decent home price of $120,000 in NC. If your score changes to 620-674, you could save an extra $183,707
Vert8813B
03-04-2008, 04:55 PM
Fuck FICO scores. Fuck Credit. Fuck the system.
Good find though BATMAN. lol.
Oh...and Fuck companies that rip people off with Sub-Prime loans.
rtryb2200
03-04-2008, 08:12 PM
Don't cry someday you will be able to buy something other then a trailer
Vert8813B
03-04-2008, 09:59 PM
Don't cry someday you will be able to buy something other then a trailer
I can buy a house now should I want to. The major thing being that TJ just mentioned is the difference of how much you pay in interest depending on a fucking number (FICO Score). That's what my problem is.
rtryb2200
03-04-2008, 10:03 PM
It is pretty ridiculous....just the amount of interest that is paid on even a 5% loan over 30 years.
My interest rate was 8.9 for the first year I had my house
wotnartd
03-04-2008, 10:05 PM
Did you get a flex rate mortage, rtry?
Vert8813B
03-05-2008, 06:02 AM
Fuck adjustable rates. FTL.
Tofuball
03-05-2008, 07:41 AM
Once I pay off my 20% loan I'm probably going to refinance and get a 15 year.
rtryb2200
03-05-2008, 08:17 PM
nope it was a 30 year fixed, but now my rate is 6.125 and also on a 30year...amazing what year will do