I have 2 cores (well, shared box..), 1GB of ram, 20 GB of hdd. I don't quite remember what option I selected for bandwidth, but the hoster's TOS say 'if you exceed your bandwidth limit, we'll throttle you to 10MBit. No additional charges apply'. Uhm.. Fine.
I pay 11 EUR, which is awfully close to your price without any commitment (I can cancel every month) and with better specs.