Calculate a Loan Payment for a $1000 Loan
Loan Amount:        $
Interest Rate:        %
Length in Years:
Monthly Payment:  


  • Enter your loan amount, loan length, and length in years.
  • Common Loan lengths for cars are 3 years (36 months), 4 years (48 months), and 5 years (60 months).
  • Common Loan lengths for homes are 15 years, 20 years, 25 years, or 30 years.
  • Notice how the payment changes when the interest rate is 3,4,5,6 or 7 percent.


  • $1000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $4.22
3.25% $4.35
3.50% $4.49
3.75% $4.63
4.00% $4.77
4.25% $4.92
4.50% $5.07
4.75% $5.22
5.00% $5.37
5.25% $5.52
5.50% $5.68
5.75% $5.84
6.00% $6.00
6.25% $6.16
6.50% $6.32
6.75% $6.49
7.00% $6.65
7.25% $6.82
7.50% $6.99
7.75% $7.16
8.00% $7.34
8.25% $7.51
8.50% $7.69
8.75% $7.87