Calculate a Loan Payment for a $988,000 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.


  • $988,000 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $4,165.45
3.25% $4,299.84
3.50% $4,436.56
3.75% $4,575.58
4.00% $4,716.86
4.25% $4,860.37
4.50% $5,006.05
4.75% $5,153.88
5.00% $5,303.80
5.25% $5,455.77
5.50% $5,609.76
5.75% $5,765.70
6.00% $5,923.56
6.25% $6,083.29
6.50% $6,244.83
6.75% $6,408.15
7.00% $6,573.19
7.25% $6,739.90
7.50% $6,908.24
7.75% $7,078.15
8.00% $7,249.59
8.25% $7,422.51
8.50% $7,596.87
8.75% $7,772.60