Term: 60 months (5 years)
↳ Payments: $718.75 / month
Overpayment: $3,124.86 (7.81%)
Here's what bank could buy on the money they would make on this loan:3124 pens or 62 desk chairs
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"In the old days, when you took out a mortgage, it was probably through a local bank or a credit union, and whoever gave you your loan held on to it for life. If you lost your job or got too sick to work and suddenly had trouble making your payments, you could call a human being and work things out."