This document provides details on the payments for a 30-year fixed rate loan of $250,000 with an interest rate of 6.5%. It shows that the monthly payment will be $1,549.72, breaking down how much will go toward principal, interest, and the remaining balance each month for the first 105 months of the loan. Over the full 30-year term, the total interest paid on the loan will be $307,899.05.
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Fixed Rate Loan Payments
This document provides details on the payments for a 30-year fixed rate loan of $250,000 with an interest rate of 6.5%. It shows that the monthly payment will be $1,549.72, breaking down how much will go toward principal, interest, and the remaining balance each month for the first 105 months of the loan. Over the full 30-year term, the total interest paid on the loan will be $307,899.05.