$25,000 loan at 5% for 3 years
Monthly payment
$749.27/mo
Total interest
$1,974
Total paid back
$26,974
Term
36 payments
Borrowing $25,000 at 5% APR over 3 years (36 monthly payments) means you pay $749.27 each month. Over the full term you repay $26,974 in total — that's $1,974 of interest on top of the $25,000 you borrowed.