Calculate a Loan Payment for a $38,300 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.


  • $38,300 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $161.47
3.25% $166.68
3.50% $171.98
3.75% $177.37
4.00% $182.85
4.25% $188.41
4.50% $194.06
4.75% $199.79
5.00% $205.60
5.25% $211.49
5.50% $217.46
5.75% $223.51
6.00% $229.63
6.25% $235.82
6.50% $242.08
6.75% $248.41
7.00% $254.81
7.25% $261.27
7.50% $267.80
7.75% $274.39
8.00% $281.03
8.25% $287.74
8.50% $294.49
8.75% $301.31