Calculate a Loan Payment for a $120,000 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.


  • $120,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $505.92
3.25% $522.25
3.50% $538.85
3.75% $555.74
4.00% $572.90
4.25% $590.33
4.50% $608.02
4.75% $625.98
5.00% $644.19
5.25% $662.64
5.50% $681.35
5.75% $700.29
6.00% $719.46
6.25% $738.86
6.50% $758.48
6.75% $778.32
7.00% $798.36
7.25% $818.61
7.50% $839.06
7.75% $859.69
8.00% $880.52
8.25% $901.52
8.50% $922.70
8.75% $944.04