Calculate a Loan Payment for a $38,500 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.


  • $38,500 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $162.32
3.25% $167.55
3.50% $172.88
3.75% $178.30
4.00% $183.80
4.25% $189.40
4.50% $195.07
4.75% $200.83
5.00% $206.68
5.25% $212.60
5.50% $218.60
5.75% $224.68
6.00% $230.83
6.25% $237.05
6.50% $243.35
6.75% $249.71
7.00% $256.14
7.25% $262.64
7.50% $269.20
7.75% $275.82
8.00% $282.50
8.25% $289.24
8.50% $296.03
8.75% $302.88