Calculate a Loan Payment for a $31,200 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.


  • $31,200 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $131.54
3.25% $135.78
3.50% $140.10
3.75% $144.49
4.00% $148.95
4.25% $153.49
4.50% $158.09
4.75% $162.75
5.00% $167.49
5.25% $172.29
5.50% $177.15
5.75% $182.07
6.00% $187.06
6.25% $192.10
6.50% $197.21
6.75% $202.36
7.00% $207.57
7.25% $212.84
7.50% $218.15
7.75% $223.52
8.00% $228.93
8.25% $234.40
8.50% $239.90
8.75% $245.45