$40,000 loan at 9% for 25 years
Monthly payment
$335.68/mo
Total interest
$60,704
Total paid back
$100,704
Term
300 payments
Borrowing $40,000 at 9% APR over 25 years (300 monthly payments) means you pay $335.68 each month. Over the full term you repay $100,704 in total — that's $60,704 of interest on top of the $40,000 you borrowed.
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