Calculate a Loan Payment for a $28,700 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.


  • $28,700 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $121.00
3.25% $124.90
3.50% $128.88
3.75% $132.91
4.00% $137.02
4.25% $141.19
4.50% $145.42
4.75% $149.71
5.00% $154.07
5.25% $158.48
5.50% $162.96
5.75% $167.49
6.00% $172.07
6.25% $176.71
6.50% $181.40
6.75% $186.15
7.00% $190.94
7.25% $195.78
7.50% $200.67
7.75% $205.61
8.00% $210.59
8.25% $215.61
8.50% $220.68
8.75% $225.78