$1.3 million loan for 3 years - calculate:

Calculate payments: $1.3 million loan, 3 years term.

Loan Amount:			Payment Every Month:	Total Payments:	Total Interest:
$1300000, 2%, 3 years			$38278	$1378000	$78000
$1300000, 2.9%, 3 years			$39253	$1413100	$113100
$1300000, 3.2%, 3 years			$39578	$1424800	$124800
$1300000, 3.8%, 3 years			$40228	$1448200	$148200
$1300000, 4%, 3 years			$40444	$1456000	$156000

$1.3 million loan for 24 months, 42 months, or 54 months:

Loan Amount:	Payment Every Month:	Total Payments:	Total Interest:
$1.3 million, 2.9%, 24 months	$57308	$1375400	$75400
$1.3 million, 3.2%, 42 months	$34419	$1445600	$145600
$1.3 million, 3.2%, 54 months	$27541	$1487200	$187200

Calculations applicable for many banks: Bank of America, Goldman Sachs Group, The Bank of New York Mellon, Morgan Stanley, etc.