Loan Payments


Loan payments are the regular payments that you make to a lender to repay a loan. They typically consist of two parts: principal and interest. 


The amount of your loan payments will depend on the amount of the loan, the interest rate, and the term of the loan. For example, if you borrow $200,000 at an interest rate of 5% for a 30-year term, your monthly payments would be about $1,000.