$125,000 loan at 6% for 5 years
Monthly payment
$2,416.60/mo
Total interest
$19,996
Total paid back
$144,996
Term
60 payments
Borrowing $125,000 at 6% APR over 5 years (60 monthly payments) means you pay $2,416.60 each month. Over the full term you repay $144,996 in total — that's $19,996 of interest on top of the $125,000 you borrowed.
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