Calculate a Loan Payment for a $16,300 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.


  • $16,300 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $68.72
3.25% $70.94
3.50% $73.19
3.75% $75.49
4.00% $77.82
4.25% $80.19
4.50% $82.59
4.75% $85.03
5.00% $87.50
5.25% $90.01
5.50% $92.55
5.75% $95.12
6.00% $97.73
6.25% $100.36
6.50% $103.03
6.75% $105.72
7.00% $108.44
7.25% $111.19
7.50% $113.97
7.75% $116.78
8.00% $119.60
8.25% $122.46
8.50% $125.33
8.75% $128.23