What is the monthly payment on a $100,000 loan at 12% for 10 years?
Answer
$1,435/month
Monthly payment: $1,435Total interest: $72,165Total cost: $172,165120 monthly payments
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How We Calculated This
M = P × [r(1+r)^n] / [(1+r)^n - 1]
P=$100,000, r=12%/12=1.0000%, n=120. M = $1,435
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Calculated using verified formulas. Last updated March 2026.