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longislander · 12-15-2022, 08:10 PM

15 year bond at 5.25% interest

Monthly payment $114,500 x 12 months = $1,374,000 annually
Total interest paid $6,366,520
Total cost of loan $20,609,935
Payoff date Dec 2037

12-15-2022, 08:10 PM	#202
longislander Senior Member Join Date: Jun 2007 Location: Moultonborough Posts: 501 Thanks: 43 Thanked 93 Times in 70 Posts	15 year bond at 5.25% interest Monthly payment $114,500 x 12 months = $1,374,000 annually Total interest paid $6,366,520 Total cost of loan $20,609,935 Payoff date Dec 2037