Calculate a Loan Payment for a $20,300 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.


  • $20,300 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $85.59
3.25% $88.35
3.50% $91.16
3.75% $94.01
4.00% $96.92
4.25% $99.86
4.50% $102.86
4.75% $105.89
5.00% $108.97
5.25% $112.10
5.50% $115.26
5.75% $118.47
6.00% $121.71
6.25% $124.99
6.50% $128.31
6.75% $131.67
7.00% $135.06
7.25% $138.48
7.50% $141.94
7.75% $145.43
8.00% $148.95
8.25% $152.51
8.50% $156.09
8.75% $159.70