Calculate a Loan Payment for a $245,000 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.


  • $245,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $1,032.93
3.25% $1,066.26
3.50% $1,100.16
3.75% $1,134.63
4.00% $1,169.67
4.25% $1,205.25
4.50% $1,241.38
4.75% $1,278.04
5.00% $1,315.21
5.25% $1,352.90
5.50% $1,391.08
5.75% $1,429.75
6.00% $1,468.90
6.25% $1,508.51
6.50% $1,548.57
6.75% $1,589.07
7.00% $1,629.99
7.25% $1,671.33
7.50% $1,713.08
7.75% $1,755.21
8.00% $1,797.72
8.25% $1,840.60
8.50% $1,883.84
8.75% $1,927.42