Calculate a Loan Payment for a $24,700 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.


  • $24,700 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $104.14
3.25% $107.50
3.50% $110.91
3.75% $114.39
4.00% $117.92
4.25% $121.51
4.50% $125.15
4.75% $128.85
5.00% $132.59
5.25% $136.39
5.50% $140.24
5.75% $144.14
6.00% $148.09
6.25% $152.08
6.50% $156.12
6.75% $160.20
7.00% $164.33
7.25% $168.50
7.50% $172.71
7.75% $176.95
8.00% $181.24
8.25% $185.56
8.50% $189.92
8.75% $194.32