Calculate a Loan Payment for a $20,700 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.


  • $20,700 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $87.27
3.25% $90.09
3.50% $92.95
3.75% $95.86
4.00% $98.82
4.25% $101.83
4.50% $104.88
4.75% $107.98
5.00% $111.12
5.25% $114.31
5.50% $117.53
5.75% $120.80
6.00% $124.11
6.25% $127.45
6.50% $130.84
6.75% $134.26
7.00% $137.72
7.25% $141.21
7.50% $144.74
7.75% $148.30
8.00% $151.89
8.25% $155.51
8.50% $159.17
8.75% $162.85