$125,000 loan at 9% for 5 years
Monthly payment
$2,594.79/mo
Total interest
$30,688
Total paid back
$155,688
Term
60 payments
Borrowing $125,000 at 9% APR over 5 years (60 monthly payments) means you pay $2,594.79 each month. Over the full term you repay $155,688 in total — that's $30,688 of interest on top of the $125,000 you borrowed.
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