Calculate a Loan Payment for a $16,000 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.


  • $16,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $67.46
3.25% $69.63
3.50% $71.85
3.75% $74.10
4.00% $76.39
4.25% $78.71
4.50% $81.07
4.75% $83.46
5.00% $85.89
5.25% $88.35
5.50% $90.85
5.75% $93.37
6.00% $95.93
6.25% $98.51
6.50% $101.13
6.75% $103.78
7.00% $106.45
7.25% $109.15
7.50% $111.87
7.75% $114.63
8.00% $117.40
8.25% $120.20
8.50% $123.03
8.75% $125.87