Calculate a Loan Payment for a $28,000 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.


  • $28,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $118.05
3.25% $121.86
3.50% $125.73
3.75% $129.67
4.00% $133.68
4.25% $137.74
4.50% $141.87
4.75% $146.06
5.00% $150.31
5.25% $154.62
5.50% $158.98
5.75% $163.40
6.00% $167.87
6.25% $172.40
6.50% $176.98
6.75% $181.61
7.00% $186.28
7.25% $191.01
7.50% $195.78
7.75% $200.60
8.00% $205.45
8.25% $210.35
8.50% $215.30
8.75% $220.28