By way of comparison, consider the following monthly payments on obligations with different rates of interest and different repayment periods:

  7.5% 9.0% 10.0%
15 years $927.02 $1014.27 $1074.61
10 years $1187.02 $1266.76 $1321.51
5 years $2003.80 $2075.84 $2124.70