Calculate a Loan Payment for a $28,300 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.


  • $28,300 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $119.31
3.25% $123.16
3.50% $127.08
3.75% $131.06
4.00% $135.11
4.25% $139.22
4.50% $143.39
4.75% $147.63
5.00% $151.92
5.25% $156.27
5.50% $160.68
5.75% $165.15
6.00% $169.67
6.25% $174.25
6.50% $178.88
6.75% $183.55
7.00% $188.28
7.25% $193.06
7.50% $197.88
7.75% $202.74
8.00% $207.66
8.25% $212.61
8.50% $217.60
8.75% $222.64