Loan Take Two
2011.Apr.05, 03:08 PM
RE: Loan Take Two
Post: #3
Other examples for people looking to do the ranch to midlan house jump.

To give you an idea.

Term for 3.5 mil loan @ 2% per week, works like a loan in real life

Minimum payment for a loan like this would be 100k a week, but if you pay more, it saves you quite a bit of money in the long haul.

25 weeks, 180k payment per week. 950k in interest averaging 38k per week.

30 weeks, 155k payment per week, 1.15 mil in interest averaging 38.3k per week

40 weeks, 127k payment per week, 1.58 mil in interest averaging 39.5k per week

60 weeks, 100k payment per week, 2.5 mil in interest averaging 41.7k per week


I will do loans in smaller numbers, interest will be 2% per week.

Every 5 weeks in a row you make an on-time payment, the interest will decrease by .1%.


For the above mentioned loan, any amount you pay above the given numbers for any set would obviously significantly decrease your interest paid long term, especially if you pay more per week early in the loan.

4:30 pm FuN2PwN attacked you and lost. Zerkin ain't easy.
2:50 pm SuP3Rn00b attacked you and lost. Zerkin still ain't easy.
13.Aug.14 SuP3R1 attacked you and lost. See above.



Messages In This Thread
Loan Take Two - InPaceRequiscat - 2011.Apr.04, 08:47 PM
RE: Loan Take Two - InPaceRequiscat - 2011.Apr.05, 07:30 AM
RE: Loan Take Two - InPaceRequiscat - 2011.Apr.05 03:08 PM
RE: Loan Take Two - kurt20 - 2011.Apr.05, 07:16 PM
RE: Loan Take Two - FullTilt1982 - 2011.Apr.06, 02:00 AM
RE: Loan Take Two - jamiewhite - 2011.Apr.07, 07:13 PM
RE: Loan Take Two - GlennQuagmire - 2011.Apr.07, 08:52 PM
RE: Loan Take Two - drec92 - 2011.Apr.07, 08:59 PM
RE: Loan Take Two - mblume - 2011.Apr.08, 06:05 PM
RE: Loan Take Two - S2pmarine - 2011.Apr.09, 09:38 AM
RE: Loan Take Two - kyletrask - 2011.Apr.08, 02:20 PM