$125,000 loan at 3% for 20 years
Monthly payment
$693.25/mo
Total interest
$41,379
Total paid back
$166,379
Term
240 payments
Borrowing $125,000 at 3% APR over 20 years (240 monthly payments) means you pay $693.25 each month. Over the full term you repay $166,379 in total — that's $41,379 of interest on top of the $125,000 you borrowed.
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