How much is the monthly payment on a loan, without running a calculator? Find your rate and term below. All figures are per $1,000 borrowed: multiply by your loan amount divided by 1,000. For example, a $300,000 loan uses a multiplier of 300.
| Annual rate | 10 years | 15 years | 20 years | 30 years |
|---|---|---|---|---|
| 3.0% | 9.66 | 6.91 | 5.55 | 4.22 |
| 3.5% | 9.89 | 7.15 | 5.80 | 4.49 |
| 4.0% | 10.12 | 7.40 | 6.06 | 4.77 |
| 4.5% | 10.36 | 7.65 | 6.33 | 5.07 |
| 5.0% | 10.61 | 7.91 | 6.60 | 5.37 |
| 5.5% | 10.85 | 8.17 | 6.88 | 5.68 |
| 6.0% | 11.10 | 8.44 | 7.16 | 6.00 |
| 6.5% | 11.35 | 8.71 | 7.46 | 6.32 |
| 7.0% | 11.61 | 8.99 | 7.75 | 6.65 |
| 7.5% | 11.87 | 9.27 | 8.06 | 6.99 |
| 8.0% | 12.13 | 9.56 | 8.36 | 7.34 |
| 8.5% | 12.40 | 9.85 | 8.68 | 7.69 |
| 9.0% | 12.67 | 10.14 | 9.00 | 8.05 |
| 9.5% | 12.94 | 10.44 | 9.32 | 8.41 |
| 10.0% | 13.22 | 10.75 | 9.65 | 8.78 |
| Annual rate | 10 years | 15 years | 20 years | 30 years |
|---|---|---|---|---|
| 3.0% | 158.73 | 243.05 | 331.03 | 517.77 |
| 3.5% | 186.63 | 286.79 | 391.90 | 616.56 |
| 4.0% | 214.94 | 331.44 | 454.35 | 718.70 |
| 4.5% | 243.66 | 376.99 | 518.36 | 824.07 |
| 5.0% | 272.79 | 423.43 | 583.89 | 932.56 |
| 5.5% | 302.32 | 470.75 | 650.93 | 1044.04 |
| 6.0% | 332.25 | 518.94 | 719.43 | 1158.38 |
| 6.5% | 362.58 | 567.99 | 789.38 | 1275.44 |
| 7.0% | 393.30 | 617.89 | 860.72 | 1395.09 |
| 7.5% | 424.42 | 668.62 | 933.42 | 1517.17 |
| 8.0% | 455.93 | 720.17 | 1007.46 | 1641.55 |
| 8.5% | 487.83 | 772.53 | 1082.78 | 1768.09 |
| 9.0% | 520.11 | 825.68 | 1159.34 | 1896.64 |
| 9.5% | 552.77 | 879.60 | 1237.11 | 2027.08 |
| 10.0% | 585.81 | 934.29 | 1316.05 | 2159.26 |
Pick the row for your annual interest rate and the column for your loan term. The first table gives the monthly payment for each $1,000 borrowed; the second gives the total interest over the full term for each $1,000. Multiply by your loan amount divided by 1,000. A $250,000 loan at 7% for 30 years, for example, has a multiplier of 250.
A $300,000 loan at 7% for 30 years: the table gives $6.65 per $1,000 per month, so the monthly payment is about 300 × $6.65 = $1,995.00. The exact payment is $1,995.91; the small gap is table rounding to cents.
Fixed-rate loans only. Payments here cover principal and interest only, not taxes, insurance, PMI, or HOA. Table figures are rounded to cents, so multiplying them can differ slightly from an exact calculation.