Calculate a Loan Payment for a $28,400 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.


  • $28,400 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $119.74
3.25% $123.60
3.50% $127.53
3.75% $131.52
4.00% $135.59
4.25% $139.71
4.50% $143.90
4.75% $148.15
5.00% $152.46
5.25% $156.83
5.50% $161.25
5.75% $165.73
6.00% $170.27
6.25% $174.86
6.50% $179.51
6.75% $184.20
7.00% $188.95
7.25% $193.74
7.50% $198.58
7.75% $203.46
8.00% $208.39
8.25% $213.36
8.50% $218.37
8.75% $223.42