$125,000 loan at 4% for 5 years
Monthly payment
$2,302.07/mo
Total interest
$13,124
Total paid back
$138,124
Term
60 payments
Borrowing $125,000 at 4% APR over 5 years (60 monthly payments) means you pay $2,302.07 each month. Over the full term you repay $138,124 in total — that's $13,124 of interest on top of the $125,000 you borrowed.
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