2007-08-11 11:25:03 · 4 answers · asked by phid 1 in Business & Finance ➔ Personal Finance
Depends on your credit score:
760-850 6.206% $1,839
700-759 6.428% $1,882
660-699 6.712% $1,938
620-659 7.522% $2,102
580-619 9.124% $2,441
500-579 10.107% $2,656
2007-08-11 11:33:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
About $100,000.
Actually, you need to clarify what you are talking about, A credit line IS NOT a 30 year loan. A 30 year loan is a on time loan paid over 30 years. Total interest on a 30 year loan is around twice the loan amount.
A credit line functions much like a credit card secured by the home. Interest depends on the amount you borrow at any given time. The rate depends on the individual bank and your credit score. Most credit lines have a variable rate.
2007-08-11 11:42:39 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
To determine how much interest would be paid over the life of the loan, we must know what the interest rate is.
If you are asking what the interest rate would be - that depends on your personal credit history.
2007-08-11 11:31:37 · answer #3 · answered by mister_galager 5 · 0⤊ 0⤋
phid did not give much to work with but as a rule of thumb if you are asking about how much interest you will pay on a 30 year note just double the figure == now if you get a standard loan that allows early payoff you can see why it would pay to reduce the number of payments as quickly as possible. if this does not answer your question please clarified.!!!
2007-08-15 10:45:19 · answer #4 · answered by mister ed 7 · 0⤊ 0⤋