Calculate a Loan Payment for a $15,600 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.


  • $15,600 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $65.77
3.25% $67.89
3.50% $70.05
3.75% $72.25
4.00% $74.48
4.25% $76.74
4.50% $79.04
4.75% $81.38
5.00% $83.74
5.25% $86.14
5.50% $88.58
5.75% $91.04
6.00% $93.53
6.25% $96.05
6.50% $98.60
6.75% $101.18
7.00% $103.79
7.25% $106.42
7.50% $109.08
7.75% $111.76
8.00% $114.47
8.25% $117.20
8.50% $119.95
8.75% $122.73