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.
- Instant answersResults update as you type.
- Private by designRuns in your browser. Nothing is sent.
- Share, print or citeCopy a link with your numbers.
$7,500 personal loan: monthly payment
| APR | 12 mo | 24 mo | 36 mo | 48 mo | 60 mo |
|---|---|---|---|---|---|
| 8% | $652.41 | $339.20 | $235.02 | $183.10 | $152.07 |
| 12% | $666.37 | $353.05 | $249.11 | $197.50 | $166.83 |
| 16% | $680.48 | $367.22 | $263.68 | $212.55 | $182.39 |
| 20% | $694.76 | $381.72 | $278.73 | $228.23 | $198.70 |
| 25% | $712.83 | $400.29 | $298.20 | $248.68 | $220.13 |
| 30% | $731.15 | $419.35 | $318.39 | $270.04 | $242.65 |
Worked example
At 12% APR over 36 months, the payment is $249.11 and total interest is $1,468. The same loan at 25% APR costs $3,235 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 $7,500 loan?
$249.11 for 36 months at 12% APR.