Calculate a Loan Payment for a $60,000 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.


  • $60,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $252.96
3.25% $261.12
3.50% $269.43
3.75% $277.87
4.00% $286.45
4.25% $295.16
4.50% $304.01
4.75% $312.99
5.00% $322.09
5.25% $331.32
5.50% $340.67
5.75% $350.14
6.00% $359.73
6.25% $369.43
6.50% $379.24
6.75% $389.16
7.00% $399.18
7.25% $409.31
7.50% $419.53
7.75% $429.85
8.00% $440.26
8.25% $450.76
8.50% $461.35
8.75% $472.02