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$15,000 loan at 9% for 15 years

Monthly payment

$152.14/mo

Total interest

$12,385

Total paid back

$27,385

Term

180 payments

Borrowing $15,000 at 9% APR over 15 years (180 monthly payments) means you pay $152.14 each month. Over the full term you repay $27,385 in total — that's $12,385 of interest on top of the $15,000 you borrowed.

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