Calculate a Loan Payment for a $240,000 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.


  • $240,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $1,011.85
3.25% $1,044.50
3.50% $1,077.71
3.75% $1,111.48
4.00% $1,145.80
4.25% $1,180.66
4.50% $1,216.04
4.75% $1,251.95
5.00% $1,288.37
5.25% $1,325.29
5.50% $1,362.69
5.75% $1,400.57
6.00% $1,438.92
6.25% $1,477.72
6.50% $1,516.96
6.75% $1,556.64
7.00% $1,596.73
7.25% $1,637.22
7.50% $1,678.11
7.75% $1,719.39
8.00% $1,761.03
8.25% $1,803.04
8.50% $1,845.39
8.75% $1,888.08