US Loan Monthly Payment Calculator
This calculator works for all US loan types. Enter your loan amount in dollars, annual interest rate, and loan term in years or months to instantly see your monthly payment, total interest, and total amount paid.
Current US Loan Interest Rates (2025)
- 30-year fixed mortgage: ~6.8–7.2%
- 15-year fixed mortgage: ~6.1–6.5%
- New car loan (5 years): ~6.5–9%
- Used car loan: ~8–12%
- Personal loan: ~10–25%
- Student loan (federal): ~5.5–7.5%
Monthly Payment Examples
- $300,000 mortgage at 7% for 30 years → ~$1,996/month
- $25,000 car loan at 8% for 5 years → ~$507/month
- $10,000 personal loan at 15% for 3 years → ~$347/month
Frequently Asked Questions
What is the current 30-year mortgage rate?
As of 2025, 30-year fixed mortgage rates are approximately 6.8–7.2%. Rates change daily based on Fed policy and market conditions.
How much house can I afford on my income?
A common rule: monthly housing payment should not exceed 28% of gross monthly income (front-end ratio). Total debt payments should not exceed 36% (back-end ratio).
What is a good credit score for a US mortgage?
A score of 740+ qualifies for the best rates. 700–739 is good, 620–699 is acceptable (higher rates), and below 620 makes approval difficult.
How does the Federal Reserve rate affect my loan?
The Fed rate influences bank lending rates. When the Fed raises rates, mortgage and auto loan rates typically increase within weeks.