$125,000 loan at 7% for 25 years
Monthly payment
$883.47/mo
Total interest
$140,042
Total paid back
$265,042
Term
300 payments
Borrowing $125,000 at 7% APR over 25 years (300 monthly payments) means you pay $883.47 each month. Over the full term you repay $265,042 in total — that's $140,042 of interest on top of the $125,000 you borrowed.
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