At 6%, the monthly payment for a loan of 200,000 over 30 years is 1,199.10
| Annual rate | Monthly payment | Total paid | Total interest |
|---|---|---|---|
| 3% | 843.21 | 303,556 | 103,556 |
| 4% | 954.83 | 343,739 | 143,739 |
| 5% | 1,073.64 | 386,510 | 186,510 |
| 6% | 1,199.10 | 431,676 | 231,676 |
| 7% | 1,330.60 | 479,016 | 279,016 |
| 8% | 1,467.53 | 528,311 | 328,311 |
| 9% | 1,609.25 | 579,330 | 379,330 |
| 10% | 1,755.14 | 631,850 | 431,850 |
This shows principal and interest only; a real offer adds an origination fee, an account fee and usually insurance on top. The figure a lender must publish, the APR, is always higher than the rate used here. The calculation assumes a fixed rate for the whole term, though most long loans in this region carry a variable rate. This table is not financial advice, names no lender, and is not an offer.
About a loan of 200,000 over 30 years
- The difference between a 5% rate and a 6% rate, on this amount and term, changes the monthly payment by 125.46.
- At 5%, the total interest paid over 30 years is 160,055 more than over 5 years.
- This shows principal and interest only; a real offer adds an origination fee, an account fee and usually insurance on top. The figure a lender must publish, the APR, is always higher than the rate used here. The calculation assumes a fixed rate for the whole term, though most long loans in this region carry a variable rate. This table is not financial advice, names no lender, and is not an offer.
Examples
What you get
All eight rates, in one table
Enter the amount and the term and get the monthly payment, the total paid and the interest, for every rate from 3% to 10%.
No single rate assumed
The page does not pick a rate for you — see the whole range and choose the row closest to your own offer.
No currency imposed
The numbers are currency-neutral — the table works the same way whatever currency you are borrowing in.
Nothing is stored
Your amount and term stay on your page. We do not store them or send them anywhere.
How it works
- Enter the amount you want to borrow.
- Enter the term, in years.
- You get a table with the monthly payment, the total paid and the interest, for eight rates.
Worth knowing
What the table shows
Each row assumes a fixed annual rate for the whole term and works out the payment from an annuity formula — the amount splits into equal monthly instalments that cover both principal and interest. At 0% the interest would be zero and the payment would simply be the amount divided by the number of months.
Why there is no single rate
A real rate depends on the lender, the term and your own profile, so any one number would be either too optimistic or too pessimistic. The table shows the whole range from 3% to 10%, and the row that matters is the one closest to your own offer.
Frequently asked questions
Why does no currency appear?
Because the formula is the same regardless of currency — the table works the same way whatever currency you are borrowing in.
Is the payment in the table an offer?
No. It is principal and interest only, worked out from a formula. A real offer adds fees and usually insurance, and the APR figure shows the real cost, which is always higher.
Does the rate stay fixed the whole time?
The calculation assumes it does, but most long loans in this region carry a variable rate that can change over the term.
Can I work this out for an amount or a term not on the list?
Yes. The form above works it out for any amount and any term, not only the ones listed.