$125,000 loan at 6% for 20 years
Monthly payment
$895.54/mo
Total interest
$89,929
Total paid back
$214,929
Term
240 payments
Borrowing $125,000 at 6% APR over 20 years (240 monthly payments) means you pay $895.54 each month. Over the full term you repay $214,929 in total — that's $89,929 of interest on top of the $125,000 you borrowed.
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