Best Title Loan Lenders Davenport, FL
1. Advance America
42629 US-27 Davenport FL 33837
+1 863-424-7297
2. The Title Station Inc
2500 Deer Creek Commerce Ln Suite 200 Davenport FL 33837
+1 863-588-3032
3. Rosemont Title Insurance Agency LLC
121 Webb Dr Suite 206 Davenport FL 33837
+1 863-949-1065
4. SouthState Bank
100 Polo Park Blvd Davenport FL 33897
+1 863-420-0800
5. SouthState Bank
42725 US Hwy 27 Davenport FL 33837
+1 863-420-1723
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Fixed installment method
With the fixed installment method, the payment each month is fixed. But the amount going toward interest is getting smaller, while the amount going toward principal grows larger month by month.
Equal Principal and Equal Interest
The principal is divided into equally monthly amounts. And the interest each month is calculated on the total principal, which means it will not be reduced over time.
APR
An APR, short for Annual Percentage Rate, refers to a percentage that reflects the yearly cost of borrowing a loan over its term.
Finance Charge
A finance charge is the total amount of cost paid on a loan. It includes interest, fees, and other charges that are collected over its life.
- Total Principal Paid: $ 4,000.00
- Finance charge: 473.42
- APR: 36.00 %
- Total Principal Paid: $ 10,000.00
- Total Interest Paid: $327.97
- Loan term: 12 months