Calculate a Loan Payment for a $31,300 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.


  • $31,300 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $131.96
3.25% $136.22
3.50% $140.55
3.75% $144.96
4.00% $149.43
4.25% $153.98
4.50% $158.59
4.75% $163.28
5.00% $168.03
5.25% $172.84
5.50% $177.72
5.75% $182.66
6.00% $187.66
6.25% $192.72
6.50% $197.84
6.75% $203.01
7.00% $208.24
7.25% $213.52
7.50% $218.85
7.75% $224.24
8.00% $229.67
8.25% $235.15
8.50% $240.67
8.75% $246.24