$125,000 loan at 5% for 25 years
Monthly payment
$730.74/mo
Total interest
$94,221
Total paid back
$219,221
Term
300 payments
Borrowing $125,000 at 5% APR over 25 years (300 monthly payments) means you pay $730.74 each month. Over the full term you repay $219,221 in total — that's $94,221 of interest on top of the $125,000 you borrowed.
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