Calculate a Loan Payment for a $1200 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.


  • $1200 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $5.06
3.25% $5.22
3.50% $5.39
3.75% $5.56
4.00% $5.73
4.25% $5.90
4.50% $6.08
4.75% $6.26
5.00% $6.44
5.25% $6.63
5.50% $6.81
5.75% $7.00
6.00% $7.19
6.25% $7.39
6.50% $7.58
6.75% $7.78
7.00% $7.98
7.25% $8.19
7.50% $8.39
7.75% $8.60
8.00% $8.81
8.25% $9.02
8.50% $9.23
8.75% $9.44