What you pay for a $300,000 loan



10 years

Total interest: $99,674

Total repayments: $399,674

20 years

Total interest: $215,830

Total repayments: $515,830

30 years

Total interest: $347,515

Total repayments: $647,515

40 years

Total interest: $492,308

Total repayments: $792,308

Interest rate is 6%. Source: Canstar.


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