Calculate a Loan Payment for a $28,500 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.


  • $28,500 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $120.16
3.25% $124.03
3.50% $127.98
3.75% $131.99
4.00% $136.06
4.25% $140.20
4.50% $144.41
4.75% $148.67
5.00% $152.99
5.25% $157.38
5.50% $161.82
5.75% $166.32
6.00% $170.87
6.25% $175.48
6.50% $180.14
6.75% $184.85
7.00% $189.61
7.25% $194.42
7.50% $199.28
7.75% $204.18
8.00% $209.12
8.25% $214.11
8.50% $219.14
8.75% $224.21