Calculate a Loan Payment for a $197,000 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.


  • $197,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $830.56
3.25% $857.36
3.50% $884.62
3.75% $912.34
4.00% $940.51
4.25% $969.12
4.50% $998.17
4.75% $1,027.65
5.00% $1,057.54
5.25% $1,087.84
5.50% $1,118.54
5.75% $1,149.64
6.00% $1,181.11
6.25% $1,212.96
6.50% $1,245.17
6.75% $1,277.74
7.00% $1,310.65
7.25% $1,343.89
7.50% $1,377.45
7.75% $1,411.33
8.00% $1,445.52
8.25% $1,480.00
8.50% $1,514.76
8.75% $1,549.80