Calculate a Loan Payment for a $29,800 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.


  • $29,800 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $125.64
3.25% $129.69
3.50% $133.82
3.75% $138.01
4.00% $142.27
4.25% $146.60
4.50% $150.99
4.75% $155.45
5.00% $159.97
5.25% $164.56
5.50% $169.20
5.75% $173.90
6.00% $178.67
6.25% $183.48
6.50% $188.36
6.75% $193.28
7.00% $198.26
7.25% $203.29
7.50% $208.37
7.75% $213.49
8.00% $218.66
8.25% $223.88
8.50% $229.14
8.75% $234.44