Calculate a Loan Payment for a $31,600 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.


  • $31,600 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $133.23
3.25% $137.53
3.50% $141.90
3.75% $146.34
4.00% $150.86
4.25% $155.45
4.50% $160.11
4.75% $164.84
5.00% $169.64
5.25% $174.50
5.50% $179.42
5.75% $184.41
6.00% $189.46
6.25% $194.57
6.50% $199.73
6.75% $204.96
7.00% $210.24
7.25% $215.57
7.50% $220.95
7.75% $226.39
8.00% $231.87
8.25% $237.40
8.50% $242.98
8.75% $248.60