Calculate a Loan Payment for a $62,000 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.


  • $62,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $261.39
3.25% $269.83
3.50% $278.41
3.75% $287.13
4.00% $296.00
4.25% $305.00
4.50% $314.14
4.75% $323.42
5.00% $332.83
5.25% $342.37
5.50% $352.03
5.75% $361.82
6.00% $371.72
6.25% $381.74
6.50% $391.88
6.75% $402.13
7.00% $412.49
7.25% $422.95
7.50% $433.51
7.75% $444.18
8.00% $454.93
8.25% $465.79
8.50% $476.73
8.75% $487.75