Calculate a Loan Payment for a $248,000 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.


  • $248,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $1,045.58
3.25% $1,079.31
3.50% $1,113.63
3.75% $1,148.53
4.00% $1,183.99
4.25% $1,220.01
4.50% $1,256.58
4.75% $1,293.69
5.00% $1,331.32
5.25% $1,369.47
5.50% $1,408.12
5.75% $1,447.26
6.00% $1,486.89
6.25% $1,526.98
6.50% $1,567.53
6.75% $1,608.52
7.00% $1,649.95
7.25% $1,691.80
7.50% $1,734.05
7.75% $1,776.70
8.00% $1,819.74
8.25% $1,863.14
8.50% $1,906.91
8.75% $1,951.02