$125,000 loan at 3% for 5 years
Monthly payment
$2,246.09/mo
Total interest
$9,765
Total paid back
$134,765
Term
60 payments
Borrowing $125,000 at 3% APR over 5 years (60 monthly payments) means you pay $2,246.09 each month. Over the full term you repay $134,765 in total — that's $9,765 of interest on top of the $125,000 you borrowed.
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