$125,000 loan at 6% for 25 years
Monthly payment
$805.38/mo
Total interest
$116,613
Total paid back
$241,613
Term
300 payments
Borrowing $125,000 at 6% APR over 25 years (300 monthly payments) means you pay $805.38 each month. Over the full term you repay $241,613 in total — that's $116,613 of interest on top of the $125,000 you borrowed.
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