How much are monthly payments on a pool loan?

A good rule of thumb when determining your monthly budget is to estimate a $90 payment for every $10,000 borrowed. So for example, a $45,000 loan at 6.5% interest for a 15-year term is $392 per month. Another example would be if you were to get a loan of $100,000 (with those same terms), it would be $897 per month.

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