Calculate a Loan Payment for a $28,900 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.


  • $28,900 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $121.84
3.25% $125.77
3.50% $129.77
3.75% $133.84
4.00% $137.97
4.25% $142.17
4.50% $146.43
4.75% $150.76
5.00% $155.14
5.25% $159.59
5.50% $164.09
5.75% $168.65
6.00% $173.27
6.25% $177.94
6.50% $182.67
6.75% $187.44
7.00% $192.27
7.25% $197.15
7.50% $202.07
7.75% $207.04
8.00% $212.06
8.25% $217.12
8.50% $222.22
8.75% $227.36