Calculate a Loan Payment for a $38,400 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.


  • $38,400 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $161.90
3.25% $167.12
3.50% $172.43
3.75% $177.84
4.00% $183.33
4.25% $188.90
4.50% $194.57
4.75% $200.31
5.00% $206.14
5.25% $212.05
5.50% $218.03
5.75% $224.09
6.00% $230.23
6.25% $236.44
6.50% $242.71
6.75% $249.06
7.00% $255.48
7.25% $261.96
7.50% $268.50
7.75% $275.10
8.00% $281.77
8.25% $288.49
8.50% $295.26
8.75% $302.09