Calculate a Loan Payment for a $198,000 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.


  • $198,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $834.78
3.25% $861.71
3.50% $889.11
3.75% $916.97
4.00% $945.28
4.25% $974.04
4.50% $1,003.24
4.75% $1,032.86
5.00% $1,062.91
5.25% $1,093.36
5.50% $1,124.22
5.75% $1,155.47
6.00% $1,187.11
6.25% $1,219.12
6.50% $1,251.49
6.75% $1,284.22
7.00% $1,317.30
7.25% $1,350.71
7.50% $1,384.44
7.75% $1,418.50
8.00% $1,452.85
8.25% $1,487.51
8.50% $1,522.45
8.75% $1,557.67