$1,000 loan at 9% for 10 years
Monthly payment
$12.67/mo
Total interest
$520
Total paid back
$1,520
Term
120 payments
Borrowing $1,000 at 9% APR over 10 years (120 monthly payments) means you pay $12.67 each month. Over the full term you repay $1,520 in total — that's $520 of interest on top of the $1,000 you borrowed.
AdvertisementAd space
Adjust these numbers in the Loan CalculatorAdvertisementAd space