Calculate a Loan Payment for a $20,600 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.


  • $20,600 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $86.85
3.25% $89.65
3.50% $92.50
3.75% $95.40
4.00% $98.35
4.25% $101.34
4.50% $104.38
4.75% $107.46
5.00% $110.59
5.25% $113.75
5.50% $116.96
5.75% $120.22
6.00% $123.51
6.25% $126.84
6.50% $130.21
6.75% $133.61
7.00% $137.05
7.25% $140.53
7.50% $144.04
7.75% $147.58
8.00% $151.16
8.25% $154.76
8.50% $158.40
8.75% $162.06