SMPLTN on Nostr: For sure - check it; 30 Year Basis Loan Amount: $1,300,000.00 ...

For sure - check it;

30 Year Basis

Loan Amount: $1,300,000.00
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Annual Interest Rate: 0.08
Life Loan (in years): 30
Number of Payments per Year: Weekly, 52
Total Number of Payments: 1560
Payment per Period: $2,199.94
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Sum of Payments: $3,431,910.62
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Interest Cost: $2,131,910.62

35 Year Basis

Loan Amount: $1,300,000.00
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Annual Interest Rate: 0.08
Life Loan (in years): 35
Number of Payments per Year: Weekly, 52
Total Number of Payments: 1820
Payment per Period: $2,129.79
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Sum of Payments $3,876,220.95
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Interest Cost $2,576,220.95