$125,000 loan at 6% for 30 years
Monthly payment
$749.44/mo
Total interest
$144,798
Total paid back
$269,798
Term
360 payments
Borrowing $125,000 at 6% APR over 30 years (360 monthly payments) means you pay $749.44 each month. Over the full term you repay $269,798 in total — that's $144,798 of interest on top of the $125,000 you borrowed.
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