Calculate a Loan Payment for a $28,200 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.


  • $28,200 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $118.89
3.25% $122.73
3.50% $126.63
3.75% $130.60
4.00% $134.63
4.25% $138.73
4.50% $142.89
4.75% $147.10
5.00% $151.38
5.25% $155.72
5.50% $160.12
5.75% $164.57
6.00% $169.07
6.25% $173.63
6.50% $178.24
6.75% $182.90
7.00% $187.62
7.25% $192.37
7.50% $197.18
7.75% $202.03
8.00% $206.92
8.25% $211.86
8.50% $216.83
8.75% $221.85