Calculate a Loan Payment for a $242,000 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.


  • $242,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $1,020.28
3.25% $1,053.20
3.50% $1,086.69
3.75% $1,120.74
4.00% $1,155.35
4.25% $1,190.49
4.50% $1,226.18
4.75% $1,262.39
5.00% $1,299.11
5.25% $1,336.33
5.50% $1,374.05
5.75% $1,412.25
6.00% $1,450.91
6.25% $1,490.04
6.50% $1,529.60
6.75% $1,569.61
7.00% $1,610.03
7.25% $1,650.87
7.50% $1,692.10
7.75% $1,733.72
8.00% $1,775.71
8.25% $1,818.07
8.50% $1,860.77
8.75% $1,903.81