Calculate a Loan Payment for a $247,000 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.


  • $247,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $1,041.36
3.25% $1,074.96
3.50% $1,109.14
3.75% $1,143.90
4.00% $1,179.22
4.25% $1,215.09
4.50% $1,251.51
4.75% $1,288.47
5.00% $1,325.95
5.25% $1,363.94
5.50% $1,402.44
5.75% $1,441.42
6.00% $1,480.89
6.25% $1,520.82
6.50% $1,561.21
6.75% $1,602.04
7.00% $1,643.30
7.25% $1,684.98
7.50% $1,727.06
7.75% $1,769.54
8.00% $1,812.40
8.25% $1,855.63
8.50% $1,899.22
8.75% $1,943.15