Calculate a Loan Payment for a $24,500 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.


  • $24,500 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $103.29
3.25% $106.63
3.50% $110.02
3.75% $113.46
4.00% $116.97
4.25% $120.53
4.50% $124.14
4.75% $127.80
5.00% $131.52
5.25% $135.29
5.50% $139.11
5.75% $142.98
6.00% $146.89
6.25% $150.85
6.50% $154.86
6.75% $158.91
7.00% $163.00
7.25% $167.13
7.50% $171.31
7.75% $175.52
8.00% $179.77
8.25% $184.06
8.50% $188.38
8.75% $192.74