Calculate a Loan Payment for a $24,800 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.


  • $24,800 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $104.56
3.25% $107.93
3.50% $111.36
3.75% $114.85
4.00% $118.40
4.25% $122.00
4.50% $125.66
4.75% $129.37
5.00% $133.13
5.25% $136.95
5.50% $140.81
5.75% $144.73
6.00% $148.69
6.25% $152.70
6.50% $156.75
6.75% $160.85
7.00% $165.00
7.25% $169.18
7.50% $173.41
7.75% $177.67
8.00% $181.97
8.25% $186.31
8.50% $190.69
8.75% $195.10