Where do these numbers come from?
- Standard formulasAmortization M = P·r(1+r)^n / ((1+r)^n − 1) and monthly compoundingreviewed Oct 23, 2026
- Freddie MacPMMS mortgage-rate benchmarkweek of Oct 22, 2026
Checked Oct 23, 2026. $320,000 at 6.5% over 360 months: this calculator gives $2,022.62 a month and =PMT(6.5%/12; 360; -320000) in LibreOffice Calc (same PMT as Excel and Google Sheets) returns 2,022.62.
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$10,000 personal loan: monthly payment
| APR | 12 mo | 24 mo | 36 mo | 48 mo | 60 mo |
|---|---|---|---|---|---|
| 8% | $869.88 | $452.27 | $313.36 | $244.13 | $202.76 |
| 12% | $888.49 | $470.73 | $332.14 | $263.34 | $222.44 |
| 16% | $907.31 | $489.63 | $351.57 | $283.40 | $243.18 |
| 20% | $926.35 | $508.96 | $371.64 | $304.30 | $264.94 |
| 25% | $950.44 | $533.72 | $397.60 | $331.57 | $293.51 |
| 30% | $974.87 | $559.13 | $424.52 | $360.06 | $323.53 |
Worked example
At 12% APR over 36 months, the payment is $332.14 and total interest is $1,957. The same loan at 25% APR costs $4,314 in interest: the rate matters more than the term for total cost.
Rates in the tables are a range for comparison, not current market quotes. Payments are principal and interest only unless stated.
Frequently asked questions
What is the monthly payment on a $10,000 loan?
$332.14 for 36 months at 12% APR.