This type of mortgage loan calls for equal monthly payments for the life or term of the loan. (mortgage-x.com)
If your interest rate is fixed (this is the norm), you'll make equal monthly payments over the loan's term, until it's paid off. (themortgagereports.com)
A personal loan is an unsecured fixed - term (3 or 5 years in our case) loan with a fixed interest rate that is repaid in equal monthly payments. (rocketloans.com)