A $10,000.00 loan per month over 5 years would cost between $190.00 to $230.00 per month.
The monthly cost of the $10,000.00 loan over 5 years will also depend heavily on the APR or annual percentage rate.
Lower APRs or annual percentage rates mean lower monthly loan payments.
And higher APRs or annual percentage rates mean higher monthly loan payments.
For example if you get a $10,000.00 loan over 5 years at a 10% APR or annual percentage rate, the payments are often around $212.00 per month, which totals the loan to around $12,748.00.
Although if your $10,000.00 loan over 5 years has a higher APR or annual percentage rate such as 13%, then the monthly loan payments go up to $228.00 per month.
And over the 5 year time period of the $10,000.00 loan and a 13% APR or annual percentage rate would mean you pay over $3,600.00 in interest on the $10,000.00 loan.
The biggest factor in the loans APR, is a lower rate which means lower monthly payments and less total interest paid on the $10,000.00 loan.
Your credit score also factors into the APR you pay as well as your payments, as excellent credit scores get lower loan rates, and lower credit scores like fair and bad credit scores means you pay higher rates and fees on your loan, which make your loan payments much higher, such as $255.00 per month at 30% APR.
And some loans also include origination and or other fees, which can increase the total actual cost of the loan.