$125,000 loan at 8% for 25 years
Monthly payment
$964.77/mo
Total interest
$164,431
Total paid back
$289,431
Term
300 payments
Borrowing $125,000 at 8% APR over 25 years (300 monthly payments) means you pay $964.77 each month. Over the full term you repay $289,431 in total — that's $164,431 of interest on top of the $125,000 you borrowed.
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