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Your exact payment
Loan amount, APR, and term — the calculator does the table lookup for you.
REFERENCE CHART · MONEY
Loan Payment Table
The classic factor chart lenders and realtors have printed for decades: your monthly payment per $1,000 borrowed at every rate from 1% to 12%, over 10, 15, 20, and 30 years. Multiply by your loan amount — or use the live lookup for your exact numbers.
The table: monthly payment per $1,000 borrowed
How to read it: find your rate and term, then multiply the factor by your loan amount in thousands. Example: $350,000 at 7% for 30 years → $6.65 × 350 = $2,328.56 a month, principal and interest only.
| APR | 10 years | 15 years | 20 years | 30 years |
|---|---|---|---|---|
| 1% | $8.76 | $5.98 | $4.60 | $3.22 |
| 2% | $9.20 | $6.44 | $5.06 | $3.70 |
| 3% | $9.66 | $6.91 | $5.55 | $4.22 |
| 4% | $10.12 | $7.40 | $6.06 | $4.77 |
| 5% | $10.61 | $7.91 | $6.60 | $5.37 |
| 6% | $11.10 | $8.44 | $7.16 | $6.00 |
| 7% | $11.61 | $8.99 | $7.75 | $6.65 |
| 8% | $12.13 | $9.56 | $8.36 | $7.34 |
| 9% | $12.67 | $10.14 | $9.00 | $8.05 |
| 10% | $13.22 | $10.75 | $9.65 | $8.78 |
| 11% | $13.78 | $11.37 | $10.32 | $9.52 |
| 12% | $14.35 | $12.00 | $11.01 | $10.29 |
Output · formula · meaning
| Output | Formula | What it means |
|---|---|---|
| Monthly payment | P × r(1+r)n ÷ ((1+r)n−1) | Your fixed monthly check: $2,328.56 on the defaults — principal and interest only. |
| Factor per $1,000 | payment ÷ (loan ÷ 1,000) | $6.65 — the table cell you’d have looked up by hand. |
| Total interest | payment × n − loan | $488,281.14 of pure interest over the full term on the defaults. |
| Total of payments | payment × n | Everything you hand the lender: $838,281.14. |
Three rules hidden in the table
- Half a point is real money. On a $350,000 30-year loan, 7.0% costs $2,328.56 a month and 6.5% costs $2,212.24 — about $116 a month, or nearly $42,000 of interest over the life of the loan, for shopping one more lender.
- Term beats rate for affordability. Dropping from 7% to 6% on a 30-year $350k loan saves ~$233 a month. Dropping the term from 30 to 15 years at the same rate saves ~$1,200 a month in payments but cuts total interest by more than half — the table’s 15-year column is the wealth-building column.
- These are principal-and-interest payments only. Real mortgage checks add taxes, insurance, and possibly PMI on top. Car-loan checks are closer to the table figure — nothing else hides in them.
Who uses this
- Homebuyers: compare rate quotes from two lenders in seconds — the half-point rule above.
- Realtors and loan officers: the printable chart — quote a monthly payment from the kitchen table without an app.
- Car buyers: 5-to-7-year auto terms — the 10-year column gets you close; the lookup nails it.
- Refinancers: is the new rate worth the closing costs? — start with the payment gap, then do the breakeven.
Accuracy & limitations
Fixed-rate loans with monthly payments, standard amortization math, rounded to the cent. It ignores origination fees, points, mortgage insurance, property taxes, and homeowners insurance — all of which move the real payment. Adjustable-rate loans aren’t covered: the rate in the table is the rate for the whole term. For a month-by-month breakdown of one loan, use the amortization schedule calculator.
Cite this reference chartBright Side Kit. “Loan Payment Table.” brightoolbox.com, 2026.
Bright Side Kit. "Loan Payment Table." https://brightoolbox.com/loan-payment-table/ Accessed October 22, 2026.Frequently asked questions
How do I use a loan payment factor table?
Find the factor for your rate and term, then multiply it by your loan amount in thousands. At 7% for 30 years the factor is $6.65 per $1,000 — so a $350,000 loan costs 350 × $6.65 = $2,328.56 a month in principal and interest. The live lookup above does this arithmetic for any loan amount.
What is the monthly payment on a $300,000 loan at 6.5% for 30 years?
About $1,896.20 a month. The factor at 6.5% for 30 years is $6.32 per $1,000; 300 × $6.32 = $1,896.20, principal and interest only. Taxes and insurance would add to the real check.
Is a 15-year or 30-year loan better?
The 15-year loan builds equity far faster and cuts total interest roughly in half, but the monthly payment is much higher — at 7% on $350,000, about $3,146 vs $2,329 a month. Compare both columns in the table above, then make sure the 15-year payment still leaves an emergency fund intact.
Why does my lender’s quote differ from the table?
The table covers principal and interest only, using the contract rate with monthly compounding. Lender quotes add property taxes, homeowners insurance, and sometimes PMI (mortgages), plus any fees or points priced into the rate. Ask for the payment breakdown to see what sits on top of the table figure.
Does the table work for car loans?
Yes — the math is identical for any fixed-rate installment loan. Car loans usually run 5 to 7 years; use the live lookup for the exact term since the printed table starts at 10 years.
How is the monthly payment formula derived?
It’s the standard amortization formula: payment = P × r(1+r)ⁿ ÷ ((1+r)ⁿ − 1), where r is the monthly rate (APR ÷ 12) and n is the number of payments. Each payment covers that month’s interest, and the rest reduces the balance — which is why early payments are mostly interest.