Calculate a Loan Payment for a $118,000 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.


  • $118,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $497.49
3.25% $513.54
3.50% $529.87
3.75% $546.48
4.00% $563.35
4.25% $580.49
4.50% $597.89
4.75% $615.54
5.00% $633.45
5.25% $651.60
5.50% $669.99
5.75% $688.62
6.00% $707.47
6.25% $726.55
6.50% $745.84
6.75% $765.35
7.00% $785.06
7.25% $804.97
7.50% $825.07
7.75% $845.37
8.00% $865.84
8.25% $886.49
8.50% $907.32
8.75% $928.31