Interest Rate 19.75% 7% Minimum Monthly Payment $120 $180 Time to Pay Off (Minimum Monthly Payment) Over 300 months 156 months Total Interest Cost (Minimum Monthly Payment) Over $18,264 $1406 Fixed Payment (amount I can afford) $400 $400 Time to Pay Off (Fixed Payment) 18 Months 16 months Total Interest Cost (Fixed Payment) $948 $297