Calculate a Loan Payment for a $12,300 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.


  • $12,300 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $51.86
3.25% $53.53
3.50% $55.23
3.75% $56.96
4.00% $58.72
4.25% $60.51
4.50% $62.32
4.75% $64.16
5.00% $66.03
5.25% $67.92
5.50% $69.84
5.75% $71.78
6.00% $73.74
6.25% $75.73
6.50% $77.74
6.75% $79.78
7.00% $81.83
7.25% $83.91
7.50% $86.00
7.75% $88.12
8.00% $90.25
8.25% $92.41
8.50% $94.58
8.75% $96.76