Calculate a Loan Payment for a $196,000 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.


  • $196,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $826.34
3.25% $853.00
3.50% $880.13
3.75% $907.71
4.00% $935.73
4.25% $964.20
4.50% $993.10
4.75% $1,022.43
5.00% $1,052.17
5.25% $1,082.32
5.50% $1,112.87
5.75% $1,143.80
6.00% $1,175.12
6.25% $1,206.81
6.50% $1,238.85
6.75% $1,271.25
7.00% $1,303.99
7.25% $1,337.07
7.50% $1,370.46
7.75% $1,404.17
8.00% $1,438.18
8.25% $1,472.48
8.50% $1,507.07
8.75% $1,541.93