Calculate a Loan Payment for a $38,800 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.


  • $38,800 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $163.58
3.25% $168.86
3.50% $174.23
3.75% $179.69
4.00% $185.24
4.25% $190.87
4.50% $196.59
4.75% $202.40
5.00% $208.29
5.25% $214.26
5.50% $220.30
5.75% $226.43
6.00% $232.63
6.25% $238.90
6.50% $245.24
6.75% $251.66
7.00% $258.14
7.25% $264.68
7.50% $271.30
7.75% $277.97
8.00% $284.70
8.25% $291.49
8.50% $298.34
8.75% $305.24