$1,000 loan at 10% for 25 years
Monthly payment
$9.09/mo
Total interest
$1,726
Total paid back
$2,726
Term
300 payments
Borrowing $1,000 at 10% APR over 25 years (300 monthly payments) means you pay $9.09 each month. Over the full term you repay $2,726 in total — that's $1,726 of interest on top of the $1,000 you borrowed.