Calculate a Loan Payment for a $1500 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.


  • $1500 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $6.32
3.25% $6.53
3.50% $6.74
3.75% $6.95
4.00% $7.16
4.25% $7.38
4.50% $7.60
4.75% $7.82
5.00% $8.05
5.25% $8.28
5.50% $8.52
5.75% $8.75
6.00% $8.99
6.25% $9.24
6.50% $9.48
6.75% $9.73
7.00% $9.98
7.25% $10.23
7.50% $10.49
7.75% $10.75
8.00% $11.01
8.25% $11.27
8.50% $11.53
8.75% $11.80