Calculate a Loan Payment for a $588,000 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.


  • $588,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $2,479.03
3.25% $2,559.01
3.50% $2,640.38
3.75% $2,723.12
4.00% $2,807.20
4.25% $2,892.61
4.50% $2,979.31
4.75% $3,067.29
5.00% $3,156.51
5.25% $3,246.96
5.50% $3,338.60
5.75% $3,431.41
6.00% $3,525.36
6.25% $3,620.42
6.50% $3,716.56
6.75% $3,813.76
7.00% $3,911.98
7.25% $4,011.20
7.50% $4,111.38
7.75% $4,212.50
8.00% $4,314.54
8.25% $4,417.45
8.50% $4,521.21
8.75% $4,625.80