Calculate a Loan Payment for a $28,800 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.


  • $28,800 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $121.42
3.25% $125.34
3.50% $129.32
3.75% $133.38
4.00% $137.50
4.25% $141.68
4.50% $145.93
4.75% $150.23
5.00% $154.60
5.25% $159.03
5.50% $163.52
5.75% $168.07
6.00% $172.67
6.25% $177.33
6.50% $182.04
6.75% $186.80
7.00% $191.61
7.25% $196.47
7.50% $201.37
7.75% $206.33
8.00% $211.32
8.25% $216.36
8.50% $221.45
8.75% $226.57