Calculate a Loan Payment for a $23,000 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.


  • $23,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $96.97
3.25% $100.10
3.50% $103.28
3.75% $106.52
4.00% $109.81
4.25% $113.15
4.50% $116.54
4.75% $119.98
5.00% $123.47
5.25% $127.01
5.50% $130.59
5.75% $134.22
6.00% $137.90
6.25% $141.61
6.50% $145.38
6.75% $149.18
7.00% $153.02
7.25% $156.90
7.50% $160.82
7.75% $164.77
8.00% $168.77
8.25% $172.79
8.50% $176.85
8.75% $180.94