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Message: <blockquote data-quote="sibleylongo" data-source="post: 2422679" data-attributes="member: 831505">HI, I'm wondering if this is the same.If borrowing 12,000 dollars for 6%, if we do 6 years, monthly pmt is 198,87 dollars. Would we pay the same interest overall if we did make this loan to 5 years at 231,99 dollars per month? In short, does the total interest that we would pay change at all if we construct the loan for 3, 4, 5, or 6 years? How about if we pay off the loan in two years? Would pay off amount include the total interest that we would have paid total or would we benefit and pay less interest if we pay off early? Thanks.</blockquote>