Calculate a Loan Payment for a $40,000 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.


  • $40,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $168.64
3.25% $174.08
3.50% $179.62
3.75% $185.25
4.00% $190.97
4.25% $196.78
4.50% $202.67
4.75% $208.66
5.00% $214.73
5.25% $220.88
5.50% $227.12
5.75% $233.43
6.00% $239.82
6.25% $246.29
6.50% $252.83
6.75% $259.44
7.00% $266.12
7.25% $272.87
7.50% $279.69
7.75% $286.56
8.00% $293.51
8.25% $300.51
8.50% $307.57
8.75% $314.68