Calculate a Loan Payment for a $7000 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.


  • $7000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $29.51
3.25% $30.46
3.50% $31.43
3.75% $32.42
4.00% $33.42
4.25% $34.44
4.50% $35.47
4.75% $36.52
5.00% $37.58
5.25% $38.65
5.50% $39.75
5.75% $40.85
6.00% $41.97
6.25% $43.10
6.50% $44.24
6.75% $45.40
7.00% $46.57
7.25% $47.75
7.50% $48.95
7.75% $50.15
8.00% $51.36
8.25% $52.59
8.50% $53.82
8.75% $55.07