Calculate a Loan Payment for a $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.


  • $500 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $2.11
3.25% $2.18
3.50% $2.25
3.75% $2.32
4.00% $2.39
4.25% $2.46
4.50% $2.53
4.75% $2.61
5.00% $2.68
5.25% $2.76
5.50% $2.84
5.75% $2.92
6.00% $3.00
6.25% $3.08
6.50% $3.16
6.75% $3.24
7.00% $3.33
7.25% $3.41
7.50% $3.50
7.75% $3.58
8.00% $3.67
8.25% $3.76
8.50% $3.84
8.75% $3.93