Calculate a Loan Payment for a $31,000 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.


  • $31,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $130.70
3.25% $134.91
3.50% $139.20
3.75% $143.57
4.00% $148.00
4.25% $152.50
4.50% $157.07
4.75% $161.71
5.00% $166.41
5.25% $171.18
5.50% $176.01
5.75% $180.91
6.00% $185.86
6.25% $190.87
6.50% $195.94
6.75% $201.07
7.00% $206.24
7.25% $211.47
7.50% $216.76
7.75% $222.09
8.00% $227.47
8.25% $232.89
8.50% $238.36
8.75% $243.88