Bottom Line - Bond

Sample Bond Rates

This document provides a sample of what the actual cost of the new school might REALLY cost.


Bond Amount                   $109,000,000.00
Loan Term    30 Years
Interest Rate   4%
Payment Every Month            $515,898.90
Total Interest                      $76,723,602.92
Total of 360 Payments     $185,723,602.92 - Actual Cost of School to Tax Payers

Bond Amount                   $109,000,000.00
Loan Term    30 Years
Interest Rate   5%
Payment Every Month            $577,760.17
Total Interest                      $98,993,659.55
Total of 360 Payments     $207,993,659.55 - Actual Cost of School to Tax Payers

Bond Amount                    $109,000,000.00
Loan Term    30 Years
Interest Rate   6%
Payment Every Month              $642,413.75
Total Interest                      $122,268,951.63
Total of 360 Payments       $231,268,951.63 - Actual Cost of School to Tax Payers

Bond Amount                    $109,000,000.00
Loan Term    30 Years
Interest Rate   7%
Payment Every Month              $709,507.85
Total Interest                      $146,422,825.20
Total of 360 Payments       $255,422,825.20 - Actual Cost of School to Tax Payers