Calculate a Loan Payment for a $38,700 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.


  • $38,700 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $163.16
3.25% $168.42
3.50% $173.78
3.75% $179.23
4.00% $184.76
4.25% $190.38
4.50% $196.09
4.75% $201.88
5.00% $207.75
5.25% $213.70
5.50% $219.73
5.75% $225.84
6.00% $232.03
6.25% $238.28
6.50% $244.61
6.75% $251.01
7.00% $257.47
7.25% $264.00
7.50% $270.60
7.75% $277.25
8.00% $283.97
8.25% $290.74
8.50% $297.57
8.75% $304.45