Calculate a Loan Payment for a $587,000 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.


  • $587,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $2,474.82
3.25% $2,554.66
3.50% $2,635.89
3.75% $2,718.49
4.00% $2,802.43
4.25% $2,887.69
4.50% $2,974.24
4.75% $3,062.07
5.00% $3,151.14
5.25% $3,241.44
5.50% $3,332.92
5.75% $3,425.57
6.00% $3,519.36
6.25% $3,614.26
6.50% $3,710.24
6.75% $3,807.27
7.00% $3,905.33
7.25% $4,004.37
7.50% $4,104.39
7.75% $4,205.34
8.00% $4,307.20
8.25% $4,409.93
8.50% $4,513.52
8.75% $4,617.93