Calculate a Loan Payment for a $12,000 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.


  • $12,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $50.59
3.25% $52.22
3.50% $53.89
3.75% $55.57
4.00% $57.29
4.25% $59.03
4.50% $60.80
4.75% $62.60
5.00% $64.42
5.25% $66.26
5.50% $68.13
5.75% $70.03
6.00% $71.95
6.25% $73.89
6.50% $75.85
6.75% $77.83
7.00% $79.84
7.25% $81.86
7.50% $83.91
7.75% $85.97
8.00% $88.05
8.25% $90.15
8.50% $92.27
8.75% $94.40