The correct answer is All of these.
The size of the monthly payment on a loan is influenced by:
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Principal borrowed: The amount of money you take out on the loan affects the payment size; larger loans typically result in larger monthly payments.
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Interest rate: The interest rate determines how much you'll pay over the life of the loan, impacting each monthly payment amount.
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Maturity: The length of time over which the loan is repaid (maturity) also affects the monthly payment; shorter maturities mean higher monthly payments, while longer maturities mean lower monthly payments.
Therefore, all these factors play a role in determining the size of the monthly payment.