# The Loan Week: full content

> The Loan Week (theloanweek.com) answers one loan question per page: the monthly payment on a given US mortgage, house price, car, personal or federal student loan, what it costs in interest, and how much house or car a given income affords. Every figure is priced at the latest published average rate: Freddie Mac's weekly 30- and 15-year mortgage averages (latest: week of September 24, 2026), the Federal Reserve's G.19 commercial-bank rates for car and personal loans (May 2026 survey), Experian's averages by credit score (Q2 2026) and the fixed federal student loan rates for 2026-27. Figures are estimates at average rates, not loan offers, quotes or financial advice.

How the numbers are made: payments use the standard fixed-rate amortization formula, payment = P × i / (1 − (1 + i)^−n) with i the monthly rate, at full precision; each page gives the monthly principal and interest, the total interest over the loan and the month-by-month schedule. Mortgage and house pages add estimated property tax (the state's median effective rate), homeowners insurance where a sourced state average exists, and PMI below 20% down (0.75% of the loan a year until the balance reaches 78% of the price). Affordability pages use the 28/36 rule for houses and 10, 15 or 20% of gross income for cars.

Current averages: 30-year fixed mortgage 7.03% and 15-year 6.42% (Freddie Mac, week of September 24, 2026); new-car loans at commercial banks 7.14% over 60 months and 7.47% over 48 months, personal loans 11.86% over 24 months (Federal Reserve G.19, May 2026); federal Direct Loans for 2026-27 6.52% undergraduate, 8.07% graduate, 9.07% PLUS. Cite the publisher of an average, not this site, for the rate itself.

Freshness: mortgage averages refresh weekly after Freddie Mac's Thursday release; the G.19 bank rates are quarterly surveys; Experian's tiers are quarterly; federal student loan rates change each July. Every refresh is logged at https://theloanweek.com/changelog/ and each page's dateModified shows when its own numbers last changed (currently September 27, 2026 at the latest).

This file holds the site's main pages as markdown (the same text as the pages, generated from them), followed by every reference table the calculations use, the URL patterns and the API. Page summaries: https://theloanweek.com/llms.txt

Cite as "The Loan Week (theloanweek.com)", link the page and give the data date. Publisher: Pablo Bravo Villanueva.

## The Loan Week: Loan Payments at Latest Published Rates

Source: https://theloanweek.com/

- [Mortgage](https://theloanweek.com/calculator/mortgage/)
- [Car](https://theloanweek.com/calculator/car-loan/)
- [Personal loan](https://theloanweek.com/calculator/personal-loan/)
- [Student loan](https://theloanweek.com/calculator/student-loan/)

Your monthly payment at the latest published average rate, and every month after it.

[$300,000 mortgage, 30 years $2,001.96 a month at this week's 7.03% average](https://theloanweek.com/mortgage/300000/)

[Payments for every mortgage amount](https://theloanweek.com/mortgage/)

### Latest published rates

- [30-year fixed mortgage](https://theloanweek.com/rates/mortgage/)7.03%Freddie Mac, week of Sep 24, 2026
- [15-year fixed mortgage](https://theloanweek.com/rates/mortgage/)6.42%Freddie Mac, same week
- [New-car loan, 60 months](https://theloanweek.com/rates/auto/)7.14%Federal Reserve, May 2026 survey (quarterly)
- [Personal loan, 24 months](https://theloanweek.com/rates/personal/)11.86%Federal Reserve, May 2026 survey (quarterly)
- [Federal student loan](https://theloanweek.com/rates/student/)6.52%Undergraduate, 2026‑27

### Where the numbers come from

Mortgage payments use Freddie Mac's weekly averages for 30- and 15-year fixed loans, read every week after the Thursday release. Car and personal loans use the Federal Reserve's average rates at commercial banks, with Experian's averages by credit score. Student loans use this school year's fixed federal rates.

Every payment comes from the standard amortization formula, month by month, and every page names its source and the date of the data. Averages are not offers: a lender's rate depends on credit, down payment and the lender.

- [Methodology](https://theloanweek.com/methodology/)
- [Sources](https://theloanweek.com/sources/)
- [Changelog](https://theloanweek.com/changelog/)
- [About](https://theloanweek.com/about/)

### Mortgage payments

- [$150,000 mortgage](https://theloanweek.com/mortgage/150000/)$1,000.98
- [$200,000 mortgage](https://theloanweek.com/mortgage/200000/)$1,334.64
- [$250,000 mortgage](https://theloanweek.com/mortgage/250000/)$1,668.30
- [$300,000 mortgage](https://theloanweek.com/mortgage/300000/)$2,001.96
- [$350,000 mortgage](https://theloanweek.com/mortgage/350000/)$2,335.61
- [$400,000 mortgage](https://theloanweek.com/mortgage/400000/)$2,669.27
- [$450,000 mortgage](https://theloanweek.com/mortgage/450000/)$3,002.93
- [$500,000 mortgage](https://theloanweek.com/mortgage/500000/)$3,336.59

### House payments

- [$250,000 house](https://theloanweek.com/house/250000/)$1,334.64
- [$300,000 house](https://theloanweek.com/house/300000/)$1,601.56
- [$400,000 house](https://theloanweek.com/house/400000/)$2,135.42
- [$500,000 house](https://theloanweek.com/house/500000/)$2,669.27
- [$750,000 house](https://theloanweek.com/house/750000/)$4,003.91

### Car loans, 60 months

- [$15,000 car loan](https://theloanweek.com/car-loan/15000/)$298.01
- [$20,000 car loan](https://theloanweek.com/car-loan/20000/)$397.35
- [$25,000 car loan](https://theloanweek.com/car-loan/25000/)$496.68
- [$30,000 car loan](https://theloanweek.com/car-loan/30000/)$596.02
- [$35,000 car loan](https://theloanweek.com/car-loan/35000/)$695.36
- [$40,000 car loan](https://theloanweek.com/car-loan/40000/)$794.69

### Personal loans, 36 months

- [$5,000 personal loan](https://theloanweek.com/personal-loan/5000/)$165.74
- [$10,000 personal loan](https://theloanweek.com/personal-loan/10000/)$331.47
- [$15,000 personal loan](https://theloanweek.com/personal-loan/15000/)$497.21
- [$20,000 personal loan](https://theloanweek.com/personal-loan/20000/)$662.95
- [$25,000 personal loan](https://theloanweek.com/personal-loan/25000/)$828.69

### Student loans, 10 years

- [$20,000 student loan](https://theloanweek.com/student-loan/20000/)$227.30
- [$30,000 student loan](https://theloanweek.com/student-loan/30000/)$340.95
- [$40,000 student loan](https://theloanweek.com/student-loan/40000/)$454.60
- [$50,000 student loan](https://theloanweek.com/student-loan/50000/)$568.25
- [$100,000 student loan](https://theloanweek.com/student-loan/100000/)$1,136.50

### How much can I afford?

- $40,000 a year[House](https://theloanweek.com/afford/house/40000/) or [car](https://theloanweek.com/afford/car/40000/)
- $50,000 a year[House](https://theloanweek.com/afford/house/50000/) or [car](https://theloanweek.com/afford/car/50000/)
- $60,000 a year[House](https://theloanweek.com/afford/house/60000/) or [car](https://theloanweek.com/afford/car/60000/)
- $75,000 a year[House](https://theloanweek.com/afford/house/75000/) or [car](https://theloanweek.com/afford/car/75000/)
- $100,000 a year[House](https://theloanweek.com/afford/house/100000/) or [car](https://theloanweek.com/afford/car/100000/)
- $125,000 a year[House](https://theloanweek.com/afford/house/125000/) or [car](https://theloanweek.com/afford/car/125000/)
- $150,000 a year[House](https://theloanweek.com/afford/house/150000/) or [car](https://theloanweek.com/afford/car/150000/)

### Comparisons

- [15-year vs 30-year mortgage](https://theloanweek.com/compare/15-vs-30-year-mortgage/)
- [20-year vs 30-year mortgage](https://theloanweek.com/compare/20-vs-30-year-mortgage/)
- [15-year vs 20-year mortgage](https://theloanweek.com/compare/15-vs-20-year-mortgage/)
- [5% vs 20% down payment](https://theloanweek.com/compare/5-vs-20-percent-down/)
- [10% vs 20% down payment](https://theloanweek.com/compare/10-vs-20-percent-down/)
- [Biweekly vs monthly mortgage payments](https://theloanweek.com/compare/biweekly-vs-monthly-mortgage-payments/)
- [36-month vs 60-month car loan](https://theloanweek.com/compare/36-vs-60-month-car-loan/)
- [48-month vs 60-month car loan](https://theloanweek.com/compare/48-vs-60-month-car-loan/)
- [All comparisons](https://theloanweek.com/compare/)

## Latest Published Loan Rates: Mortgage 7.03%, Auto, Personal, Student

Source: https://theloanweek.com/rates/

The latest averages published by Freddie Mac, the Federal Reserve and the Department of Education. Every payment page on this site is priced from these numbers.

- [30-year fixed mortgage](https://theloanweek.com/rates/mortgage/) 7.03% Week of Sep 24, 2026, +0.08 pt on the week
- [15-year fixed mortgage](https://theloanweek.com/rates/mortgage/) 6.42% Week of Sep 24, 2026, +0.16 pt on the week
- [New-car loan, 60 months](https://theloanweek.com/rates/auto/) 7.14% May 2026 survey, −0.39 pt on the previous survey
- [New-car loan, 48 months](https://theloanweek.com/rates/auto/) 7.47% May 2026 survey, +0.10 pt on the previous survey
- [Personal loan, 24 months](https://theloanweek.com/rates/personal/) 11.86% May 2026 survey, +0.50 pt on the previous survey
- [Federal student loan](https://theloanweek.com/rates/student/) 6.52% Undergraduate, fixed for loans first disbursed July 1, 2026 to June 30, 2027

### Rates in detail

- [Mortgage rates: weekly history and chart](https://theloanweek.com/rates/mortgage/)
- [Auto loan rates: bank averages and credit tiers](https://theloanweek.com/rates/auto/)
- [Personal loan rates](https://theloanweek.com/rates/personal/)
- [Federal student loan rates and plans](https://theloanweek.com/rates/student/)
- [Changelog of every update](https://theloanweek.com/changelog/)

### Sources

- [30-year fixed mortgage average: 7.03%](https://fred.stlouisfed.org/series/MORTGAGE30US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE30US, as of September 24, 2026; retrieved September 27, 2026.
- [15-year fixed mortgage average: 6.42%](https://fred.stlouisfed.org/series/MORTGAGE15US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE15US, as of September 24, 2026; retrieved September 27, 2026.
- [New-car loan, 60 months average: 7.14%](https://fred.stlouisfed.org/series/RIFLPBCIANM60NM). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series RIFLPBCIANM60NM, as of May 1, 2026; retrieved September 27, 2026.
- [New-car loan, 48 months average: 7.47%](https://fred.stlouisfed.org/series/TERMCBAUTO48NS). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series TERMCBAUTO48NS, as of May 1, 2026; retrieved September 27, 2026.
- [Personal loan, 24 months average: 11.86%](https://fred.stlouisfed.org/series/TERMCBPER24NS). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series TERMCBPER24NS, as of May 1, 2026; retrieved September 27, 2026.
- [Federal Direct Loan rates, 2026-27](https://studentaid.gov/understand-aid/types/loans/interest-rates). U.S. Department of Education, Federal Student Aid, loans first disbursed from July 1, 2026; retrieved September 26, 2026.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Published Mortgage Rates: 30-Year 7.03%, 15-Year 6.42%

Source: https://theloanweek.com/rates/mortgage/

30-year fixed mortgage, national average

7.03% week of September 24, 2026

- **15-year fixed**: 6.42%
- **30-year, change on the week**: +0.08 pt
- **15-year, change on the week**: +0.16 pt

Source: Freddie Mac Primary Mortgage Market Survey (FRED series MORTGAGE30US and MORTGAGE15US). Averages, not offers.

### How rates change a $300,000 payment

At the 7.03% average for **September 24, 2026**, a new $300,000 loan over 30 years would cost **$2,001.96 a month** in principal and interest.

Each point prices a hypothetical new fixed-rate loan at that week's average. It does not show a changing payment on an existing loan. Taxes, insurance, PMI, points and fees are excluded; these are averages, not lender quotes.

*Chart: Monthly payment on a $300,000, 30-year mortgage. Hypothetical new fixed-rate loans at each published Freddie Mac weekly average. Sep 25, 2025: $1,856.92. Sep 24, 2026: $2,001.96 at 7.03%. Taxes, insurance, PMI and fees excluded. The vertical axis does not start at zero.*

*Scroll the chart on a small screen. The vertical axis starts above zero to show the differences; exact values are available below and in the CSV.*

**$300,000 borrowed for 360 months; difference is the latest payment minus the earlier payment**

| Comparison | Published date | Rate | Monthly P&I | Latest minus earlier |
| --- | --- | --- | --- | --- |
| Latest published here | Sep 24, 2026 | 7.03% | $2,001.96 | — |
| 1 week earlier | Sep 17, 2026 | 6.95% | $1,985.84 | +$16.11 |
| 4 weeks earlier | Aug 27, 2026 | 6.66% | $1,927.88 | +$74.07 |
| 52 weeks earlier | Sep 25, 2025 | 6.30% | $1,856.92 | +$145.04 |

The month and year comparisons mean 4 and 52 weeks earlier. We match a published date within 3 days of each target to allow for holiday releases. Missing comparisons stay unavailable. Differences use unrounded payments.

Source: [Freddie Mac PMMS, MORTGAGE30US, via FRED / Federal Reserve Bank of St. Louis](https://fred.stlouisfed.org/series/MORTGAGE30US). Data retrieved September 27, 2026; latest source week September 24, 2026.

[Download dated CSV](https://theloanweek.com/export/mortgage-payment-history.csv)[Download chart SVG](https://theloanweek.com/export/mortgage-payment-history.svg)[Embed this chart](https://theloanweek.com/embed/#payment-chart-code)

#### All 53 published payment observations

**30-year rate and calculated $300,000 payment, newest first**

| Source week | Rate | Monthly P&I |
| --- | --- | --- |
| Sep 24, 2026 | 7.03% | $2,001.96 |
| Sep 17, 2026 | 6.95% | $1,985.84 |
| Sep 10, 2026 | 6.76% | $1,947.79 |
| Sep 3, 2026 | 6.71% | $1,937.82 |
| Aug 27, 2026 | 6.66% | $1,927.88 |
| Aug 20, 2026 | 6.65% | $1,925.89 |
| Aug 13, 2026 | 6.67% | $1,929.87 |
| Aug 6, 2026 | 6.69% | $1,933.84 |
| Jul 30, 2026 | 6.66% | $1,927.88 |
| Jul 23, 2026 | 6.58% | $1,912.02 |
| Jul 16, 2026 | 6.55% | $1,906.08 |
| Jul 9, 2026 | 6.49% | $1,894.23 |
| Jul 2, 2026 | 6.43% | $1,882.41 |
| Jun 25, 2026 | 6.49% | $1,894.23 |
| Jun 18, 2026 | 6.47% | $1,890.29 |
| Jun 11, 2026 | 6.52% | $1,900.15 |
| Jun 4, 2026 | 6.48% | $1,892.26 |
| May 28, 2026 | 6.53% | $1,902.13 |
| May 21, 2026 | 6.51% | $1,898.18 |
| May 14, 2026 | 6.36% | $1,868.67 |
| May 7, 2026 | 6.37% | $1,870.63 |
| Apr 30, 2026 | 6.30% | $1,856.92 |
| Apr 23, 2026 | 6.23% | $1,843.25 |
| Apr 16, 2026 | 6.30% | $1,856.92 |
| Apr 9, 2026 | 6.37% | $1,870.63 |
| Apr 2, 2026 | 6.46% | $1,888.32 |
| Mar 26, 2026 | 6.38% | $1,872.59 |
| Mar 19, 2026 | 6.22% | $1,841.30 |
| Mar 12, 2026 | 6.11% | $1,819.92 |
| Mar 5, 2026 | 6.00% | $1,798.65 |
| Feb 26, 2026 | 5.98% | $1,794.80 |
| Feb 19, 2026 | 6.01% | $1,800.58 |
| Feb 12, 2026 | 6.09% | $1,816.05 |
| Feb 5, 2026 | 6.11% | $1,819.92 |
| Jan 29, 2026 | 6.10% | $1,817.98 |
| Jan 22, 2026 | 6.09% | $1,816.05 |
| Jan 15, 2026 | 6.06% | $1,810.24 |
| Jan 8, 2026 | 6.16% | $1,829.63 |
| Dec 31, 2025 | 6.15% | $1,827.68 |
| Dec 24, 2025 | 6.18% | $1,833.52 |
| Dec 18, 2025 | 6.21% | $1,839.35 |
| Dec 11, 2025 | 6.22% | $1,841.30 |
| Dec 4, 2025 | 6.19% | $1,835.46 |
| Nov 26, 2025 | 6.23% | $1,843.25 |
| Nov 20, 2025 | 6.26% | $1,849.10 |
| Nov 13, 2025 | 6.24% | $1,845.20 |
| Nov 6, 2025 | 6.22% | $1,841.30 |
| Oct 30, 2025 | 6.17% | $1,831.57 |
| Oct 23, 2025 | 6.19% | $1,835.46 |
| Oct 16, 2025 | 6.27% | $1,851.06 |
| Oct 9, 2025 | 6.30% | $1,856.92 |
| Oct 2, 2025 | 6.34% | $1,864.75 |
| Sep 25, 2025 | 6.30% | $1,856.92 |

### Weekly averages since September 25, 2025

*Chart: Freddie Mac weekly average mortgage rates. Average rate from September 25, 2025 to September 24, 2026, every published observation.*

The chart shows each published observation stored here, from September 25, 2025 through September 24, 2026.

### What the move means for a payment

**30-year principal and interest at 7.03% on Sep 24, 2026 vs 6.30% on Sep 25, 2025**

| Loan | Latest published | Sep 25, 2025 | Difference |
| --- | --- | --- | --- |
| [$200,000](https://theloanweek.com/mortgage/200000/) | $1,334.64 | $1,237.95 | +$96.69 |
| [$300,000](https://theloanweek.com/mortgage/300000/) | $2,001.96 | $1,856.92 | +$145.04 |
| [$400,000](https://theloanweek.com/mortgage/400000/) | $2,669.27 | $2,475.89 | +$193.38 |
| [$500,000](https://theloanweek.com/mortgage/500000/) | $3,336.59 | $3,094.86 | +$241.73 |

### Every week

**Freddie Mac PMMS weekly averages, newest first**

| Week of | 30-year | Change | 15-year |
| --- | --- | --- | --- |
| Sep 24, 2026 | 7.03% | +0.08 pt | 6.42% |
| Sep 17, 2026 | 6.95% | +0.19 pt | 6.26% |
| Sep 10, 2026 | 6.76% | +0.05 pt | 6.09% |
| Sep 3, 2026 | 6.71% | +0.05 pt | 6.04% |
| Aug 27, 2026 | 6.66% | +0.01 pt | 5.98% |
| Aug 20, 2026 | 6.65% | −0.02 pt | 5.95% |
| Aug 13, 2026 | 6.67% | −0.02 pt | 5.96% |
| Aug 6, 2026 | 6.69% | +0.03 pt | 6.01% |
| Jul 30, 2026 | 6.66% | +0.08 pt | 6.04% |
| Jul 23, 2026 | 6.58% | +0.03 pt | 5.96% |
| Jul 16, 2026 | 6.55% | +0.06 pt | 5.93% |
| Jul 9, 2026 | 6.49% | +0.06 pt | 5.82% |
| Jul 2, 2026 | 6.43% | −0.06 pt | 5.79% |
| Jun 25, 2026 | 6.49% | +0.02 pt | 5.84% |
| Jun 18, 2026 | 6.47% | −0.05 pt | 5.81% |
| Jun 11, 2026 | 6.52% | +0.04 pt | 5.84% |
| Jun 4, 2026 | 6.48% | −0.05 pt | 5.79% |
| May 28, 2026 | 6.53% | +0.02 pt | 5.87% |
| May 21, 2026 | 6.51% | +0.15 pt | 5.85% |
| May 14, 2026 | 6.36% | −0.01 pt | 5.71% |
| May 7, 2026 | 6.37% | +0.07 pt | 5.72% |
| Apr 30, 2026 | 6.30% | +0.07 pt | 5.64% |
| Apr 23, 2026 | 6.23% | −0.07 pt | 5.58% |
| Apr 16, 2026 | 6.30% | −0.07 pt | 5.65% |
| Apr 9, 2026 | 6.37% | −0.09 pt | 5.74% |
| Apr 2, 2026 | 6.46% | +0.08 pt | 5.77% |
| Mar 26, 2026 | 6.38% | +0.16 pt | 5.75% |
| Mar 19, 2026 | 6.22% | +0.11 pt | 5.54% |
| Mar 12, 2026 | 6.11% | +0.11 pt | 5.50% |
| Mar 5, 2026 | 6.00% | +0.02 pt | 5.43% |
| Feb 26, 2026 | 5.98% | −0.03 pt | 5.44% |
| Feb 19, 2026 | 6.01% | −0.08 pt | 5.35% |
| Feb 12, 2026 | 6.09% | −0.02 pt | 5.44% |
| Feb 5, 2026 | 6.11% | +0.01 pt | 5.50% |
| Jan 29, 2026 | 6.10% | +0.01 pt | 5.49% |
| Jan 22, 2026 | 6.09% | +0.03 pt | 5.44% |
| Jan 15, 2026 | 6.06% | −0.10 pt | 5.38% |
| Jan 8, 2026 | 6.16% | +0.01 pt | 5.46% |
| Dec 31, 2025 | 6.15% | −0.03 pt | 5.44% |
| Dec 24, 2025 | 6.18% | −0.03 pt | 5.50% |
| Dec 18, 2025 | 6.21% | −0.01 pt | 5.47% |
| Dec 11, 2025 | 6.22% | +0.03 pt | 5.54% |
| Dec 4, 2025 | 6.19% | −0.04 pt | 5.44% |
| Nov 26, 2025 | 6.23% | −0.03 pt | 5.51% |
| Nov 20, 2025 | 6.26% | +0.02 pt | 5.54% |
| Nov 13, 2025 | 6.24% | +0.02 pt | 5.49% |
| Nov 6, 2025 | 6.22% | +0.05 pt | 5.50% |
| Oct 30, 2025 | 6.17% | −0.02 pt | 5.41% |
| Oct 23, 2025 | 6.19% | −0.08 pt | 5.44% |
| Oct 16, 2025 | 6.27% | −0.03 pt | 5.52% |
| Oct 9, 2025 | 6.30% | −0.04 pt | 5.53% |
| Oct 2, 2025 | 6.34% | +0.04 pt | 5.55% |
| Sep 25, 2025 | 6.30% | — | 5.49% |

### What this average is

Average commitment rate on a conforming, conventional, fully amortizing home-purchase loan for borrowers with a 20% down payment and excellent credit, from applications submitted to Freddie Mac. Excludes points and fees. It is a benchmark for comparing weeks, not a rate any lender has offered you.

[Compare actual rate-and-points quotes](https://theloanweek.com/calculator/mortgage-points/) · [Compare refinance costs at your holding period](https://theloanweek.com/calculator/mortgage-refinance/)

### Questions

#### What is the latest 30-year mortgage rate published here?

7.03% in the Freddie Mac survey released for the week of September 24, 2026, up 0.08 point from the previous stored observation.

#### What is the average 15-year mortgage rate?

6.42% for the week of September 24, 2026.

#### Is this the rate I will be offered?

No. It is an average for borrowers with about 20% down and excellent credit, excluding points and fees. Individual quotes vary by credit, down payment, loan type and lender.

#### When is it updated?

Freddie Mac normally publishes weekly on Thursday, with holiday exceptions. The source week and retrieval date show which release is available here. Charts and payments change after a new observation is retrieved and checked.

### Sources

- [30-year fixed mortgage average: 7.03%](https://fred.stlouisfed.org/series/MORTGAGE30US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE30US, as of September 24, 2026; retrieved September 27, 2026.
- [15-year fixed mortgage average: 6.42%](https://fred.stlouisfed.org/series/MORTGAGE15US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE15US, as of September 24, 2026; retrieved September 27, 2026.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Average Auto Loan Rates: 7.14% (60-Month New Car) and by Credit Score

Source: https://theloanweek.com/rates/auto/

New-car loans over 60 months, average at commercial banks

7.14% May 2026 survey

- **Over 48 months**: 7.47%
- **Change from the previous survey**: −0.39 pt
- **All lenders, new cars (Experian Q2 2026)**: 6.35%

Source: Federal Reserve G.19 Consumer Credit, finance rates at commercial banks (FRED RIFLPBCIANM60NM, TERMCBAUTO48NS). Averages, not offers.

### By credit score

**Experian State of the Automotive Finance Market, Q2 2026: average APR**

| Tier | Score | New car | Used car |
| --- | --- | --- | --- |
| Super prime | 781–850 | 4.41% | 6.29% |
| Prime | 661–780 | 6.23% | not reported |
| Near prime | 601–660 | 9.67% | not reported |
| Subprime | 501–600 | 13.44% | not reported |
| Deep subprime | 300–500 | 16.11% | 21.62% |
| All tiers |  | 6.35% | 11.19% |

### Bank rates over time

*Chart: Average new-car loan rates at commercial banks. Average rate from November 1, 2023 to May 1, 2026, every published observation.*

| Survey | 60-month | 48-month |
| --- | --- | --- |
| May 2026 | 7.14% | 7.47% |
| February 2026 | 7.53% | 7.37% |
| November 2025 | 7.24% | 7.62% |
| August 2025 | 7.64% | 7.51% |
| May 2025 | 7.67% | 7.63% |
| February 2025 | 8.04% | 7.71% |
| November 2024 | 7.82% | 8.12% |
| August 2024 | 8.40% | 8.63% |
| May 2024 | 8.20% | 8.65% |
| February 2024 | 8.22% | 8.57% |
| November 2023 | 8.15% | 8.51% |

### Payments at the 60-month bank average

- [$20,000 car loan](https://theloanweek.com/car-loan/20000/)$397.35 over 60 months, $342.33 over 72
- [$30,000 car loan](https://theloanweek.com/car-loan/30000/)$596.02 over 60 months, $513.49 over 72
- [$40,000 car loan](https://theloanweek.com/car-loan/40000/)$794.69 over 60 months, $684.65 over 72

### Questions

#### What is the average car loan rate right now?

Commercial banks charged an average 7.14% on 60-month new-car loans in the Federal Reserve's May 2026 survey. Experian's Q2 2026 figures put the average across all lenders at 6.35% for new cars and 11.19% for used.

#### Why are the two averages different?

The Fed series is the most common rate at a panel of commercial banks; Experian averages every auto loan originated, including captive lenders' promotional rates and credit unions.

#### How much does credit score change the rate?

In Experian's Q2 2026 data, new-car rates ran from 4.41% for super-prime borrowers to 16.11% for deep subprime.

#### How often is this updated?

The Fed publishes these rates quarterly in its G.19 release; Experian publishes its tiers quarterly. This page updates when either does.

### Sources

- [New-car loan, 60 months average: 7.14%](https://fred.stlouisfed.org/series/RIFLPBCIANM60NM). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series RIFLPBCIANM60NM, as of May 1, 2026; retrieved September 27, 2026.
- [New-car loan, 48 months average: 7.47%](https://fred.stlouisfed.org/series/TERMCBAUTO48NS). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series TERMCBAUTO48NS, as of May 1, 2026; retrieved September 27, 2026.
- [Average auto loan APR by credit tier](https://www.experian.com/blogs/ask-experian/average-car-loan-interest-rates-by-credit-score/). Experian State of the Automotive Finance Market, Q2 2026; retrieved September 26, 2026.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Average Personal Loan Rate: 11.86% at Banks (Fed, May 2026)

Source: https://theloanweek.com/rates/personal/

Personal loans over 24 months, average at commercial banks

11.86% May 2026 survey

- **Change from the previous survey**: +0.50 pt
- **Payment on $10,000 over 36 months**: $331.47

Source: Federal Reserve G.19, finance rate on 24-month personal loans at commercial banks (FRED TERMCBPER24NS). Averages, not offers.

### Over time

*Chart: Average 24-month personal loan rate at commercial banks. Average rate from November 1, 2023 to May 1, 2026, every published observation.*

| Survey | 24-month personal loan |
| --- | --- |
| May 2026 | 11.86% |
| February 2026 | 11.36% |
| November 2025 | 11.63% |
| August 2025 | 11.14% |
| May 2025 | 11.57% |
| February 2025 | 11.66% |
| November 2024 | 12.32% |
| August 2024 | 12.33% |
| May 2024 | 11.92% |
| February 2024 | 12.49% |
| November 2023 | 12.35% |

### Payments at the bank average

- [$5,000 personal loan](https://theloanweek.com/personal-loan/5000/)$165.74 over 36 months, $110.87 over 60
- [$10,000 personal loan](https://theloanweek.com/personal-loan/10000/)$331.47 over 36 months, $221.74 over 60
- [$20,000 personal loan](https://theloanweek.com/personal-loan/20000/)$662.95 over 36 months, $443.48 over 60

### Questions

#### What is the average personal loan rate?

11.86% on 24-month personal loans at commercial banks in the Fed's May 2026 survey.

#### Do online lenders charge the same?

Often not. Online lenders lend to a wider range of credit and many add origination fees, so their APRs range well above the bank average.

#### How often is this updated?

Quarterly: the Fed surveys banks in February, May, August and November and publishes the results in the G.19 release.

#### What would 11.86% cost on $10,000?

$331.47 a month over 36 months.

### Sources

- [Personal loan, 24 months average: 11.86%](https://fred.stlouisfed.org/series/TERMCBPER24NS). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series TERMCBPER24NS, as of May 1, 2026; retrieved September 27, 2026.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Federal Student Loan Rates 2026-27: 6.52% Undergraduate, 8.07% Graduate

Source: https://theloanweek.com/rates/student/

Undergraduate Direct Loans, 2026-27

6.52% fixed for loans first disbursed from July 1, 2026

- **Graduate Direct Unsubsidized**: 8.07%
- **Direct PLUS**: 9.07%
- **Undergraduate, 2025-26**: 6.39%

Source: U.S. Department of Education, Federal Student Aid. Published base rates before qualifying Auto Pay reductions; see eligibility and dates below.

### Temporary Auto Pay reduction

Eligible Direct Loans originated on or after July 1, 2012 may receive a temporary total 1 percentage-point Auto Pay reduction from July 1, 2026 through June 30, 2028. Enrollment is required by 11:59 p.m. ET September 30, 2026. This replaces the usual 0.25-point benefit during the temporary period; it is not an additional point. Continued Auto Pay and loan eligibility apply; verify deferment/forbearance treatment with your servicer. The calculator uses the published base rate unless you enter your actual rate.

Checked 2026-09-27 against [Edfinancial](https://edfinancial.studentaid.gov/waystopay) and [MOHELA](https://mohela.studentaid.gov/DL/FAQs/FAQ.aspx). Check your own loan's eligibility before changing the rate.

### Rates and fees

**Fixed rates for Direct Loans first disbursed July 1, 2026 through June 30, 2027**

| Loan | 2026-27 | 2025-26 | Fee |
| --- | --- | --- | --- |
| Undergraduate Direct Subsidized and Unsubsidized | 6.52% | 6.39% | 1.057% |
| Graduate Direct Unsubsidized | 8.07% | 7.94% | 1.057% |
| Direct PLUS | 9.07% | 8.94% | 4.228% |

9.07% applies to Parent PLUS and to Grad PLUS loans still made under the OBBBA legacy provision. Grad PLUS is closed to new borrowers as of 2026-07-01; students who had a Grad PLUS in their current program before that date may keep borrowing it for up to 3 more academic years or until they finish the program, whichever comes first.

### Repayment plans in 2026

- **Standard Repayment Plan (original)**: Fixed monthly payments over up to 10 years (Direct Consolidation loans may run longer) Loans made before 2026-07-01, for borrowers who take out no new federal loan on or after 2026-07-01
- **Graduated Repayment Plan**: Payments start low and rise every 2 years, over up to 10 years Legacy borrowers only: loans made before 2026-07-01, with no new loan on or after 2026-07-01
- **Extended Repayment Plan**: Fixed or graduated payments over up to 25 years; requires more than $30,000 in outstanding loans Legacy borrowers only (loans made before 2026-07-01, no new loan on or after that date) with more than $30,000 in federal student loans
- **Tiered Standard Repayment Plan (new under OBBBA / P.L. 119-21)**: Fixed payments, with the term set by total outstanding Direct Loan principal when entering repayment: under $25,000 = 10 years; $25,000-$49,999 = 15 years; $50,000-$99,999 = 20 years; $100,000 or more = 25 years. Minimum payment is $50/month, or the balance if that is less. Direct Loans first disbursed on or after 2026-07-01. A borrower who takes any new loan on or after that date gets only Tiered Standard or RAP for ALL their loans, including older ones. It is the default plan when no plan is chosen.
- **Repayment Assistance Plan (RAP)**: Income-driven plan. The payment is a bracketed percentage of AGI: $10/month minimum at AGI of $10,000 or less, then 1% for $10,001-$20,000, 2% for $20,001-$30,000, and so on up to 10% above $100,000. That amount is divided by 12, minus $50 per dependent, with a $10 minimum. Unpaid interest is waived and up to $50/month of principal is matched. Any remaining balance is forgiven after 360 qualifying payments (30 years). Most Direct Loan borrowers, from 2026-07-01. Not available to Parent PLUS borrowers who take out any federal loan on or after 2026-07-01. PAYE enrollees are moved to RAP if they don't switch before 2028-07-01.
- **Legacy IDR (ICR, PAYE, IBR) transition**: ICR and PAYE remain until 2028-07-01. After that IBR is the only old IDR plan: ICR enrollees who don't switch go to IBR, and PAYE enrollees go to RAP. Borrowers with loans made before 2026-07-01
- **Borrowing limit changes (OBBBA, effective 2026-07-01)**: Grad PLUS is eliminated for new borrowers (legacy: up to 3 more academic years in the current program). Parent PLUS is capped at $20,000/year per child and $65,000 lifetime per child. Graduate Direct Unsubsidized is $20,500/year and $100,000 aggregate. Professional students get $50,000/year and $200,000 aggregate. New borrowers not covered by the legacy provision

### Private student loans

Private student loan rates are set by each lender and depend on the borrower's or cosigner's credit and income, the loan size, the degree and the repayment term. Advertised low-end rates usually include autopay discounts. A published range in September 2026 ran from about 2.99% to 17.99% APR (Bankrate, a secondary source).

### Questions

#### What is the federal student loan interest rate for 2026-27?

6.52% for undergraduate Direct Loans, 8.07% for graduate Direct Unsubsidized loans and 9.07% for PLUS loans first disbursed July 1, 2026 through June 30, 2027.

#### How are federal student loan rates set?

The rate is fixed for the life of the loan and resets each year for new loans first disbursed July 1 through June 30. It equals the high yield of the last 10-year Treasury note auction held before June 1, plus a statutory add-on: undergraduate Direct Sub/Unsub +2.05 (cap 8.25%), graduate/professional Direct Unsub +3.60 (cap 9.50%), Direct PLUS (parent and grad) +4.60 (cap 10.50%). This formula has applied since 2013, and the caps have never been reached. For 2026-27 the base was 4.468% (auction of 2026-05-12). These are base rates before eligible Auto Pay reductions.

#### Are there fees?

Yes: 1.057% on Direct Subsidized and Unsubsidized loans and 4.228% on PLUS loans, taken from each disbursement.

#### Do rates change after I borrow?

No. Federal Direct Loan rates are fixed for the life of the loan; each new school year's loans get that year's rate.

#### What is the temporary Auto Pay interest reduction?

Eligible Direct Loans originated on or after July 1, 2012 may receive a temporary total 1 percentage-point Auto Pay reduction from July 1, 2026 through June 30, 2028. Enrollment is required by 11:59 p.m. ET September 30, 2026. This replaces the usual 0.25-point benefit during the temporary period; it is not an additional point. Continued Auto Pay and loan eligibility apply; verify deferment/forbearance treatment with your servicer. The calculator uses the published base rate unless you enter your actual rate.

### Sources

- [Federal Direct Loan rates, 2026-27](https://studentaid.gov/understand-aid/types/loans/interest-rates). U.S. Department of Education, Federal Student Aid, loans first disbursed from July 1, 2026; retrieved September 26, 2026.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Mortgage payments by amount | The Loan Week

Source: https://theloanweek.com/mortgage/

Monthly principal and interest on a 30-year loan at the 7.03% Freddie Mac average.

- [$50,000](https://theloanweek.com/mortgage/50000/)$333.66
- [$55,000](https://theloanweek.com/mortgage/55000/)$367.03
- [$60,000](https://theloanweek.com/mortgage/60000/)$400.39
- [$65,000](https://theloanweek.com/mortgage/65000/)$433.76
- [$70,000](https://theloanweek.com/mortgage/70000/)$467.12
- [$75,000](https://theloanweek.com/mortgage/75000/)$500.49
- [$80,000](https://theloanweek.com/mortgage/80000/)$533.85
- [$85,000](https://theloanweek.com/mortgage/85000/)$567.22
- [$90,000](https://theloanweek.com/mortgage/90000/)$600.59
- [$95,000](https://theloanweek.com/mortgage/95000/)$633.95
- [$100,000](https://theloanweek.com/mortgage/100000/)$667.32
- [$105,000](https://theloanweek.com/mortgage/105000/)$700.68
- [$110,000](https://theloanweek.com/mortgage/110000/)$734.05
- [$115,000](https://theloanweek.com/mortgage/115000/)$767.42
- [$120,000](https://theloanweek.com/mortgage/120000/)$800.78
- [$125,000](https://theloanweek.com/mortgage/125000/)$834.15
- [$130,000](https://theloanweek.com/mortgage/130000/)$867.51
- [$135,000](https://theloanweek.com/mortgage/135000/)$900.88
- [$140,000](https://theloanweek.com/mortgage/140000/)$934.25
- [$145,000](https://theloanweek.com/mortgage/145000/)$967.61
- [$150,000](https://theloanweek.com/mortgage/150000/)$1,000.98
- [$155,000](https://theloanweek.com/mortgage/155000/)$1,034.34
- [$160,000](https://theloanweek.com/mortgage/160000/)$1,067.71
- [$165,000](https://theloanweek.com/mortgage/165000/)$1,101.08
- [$170,000](https://theloanweek.com/mortgage/170000/)$1,134.44
- [$175,000](https://theloanweek.com/mortgage/175000/)$1,167.81
- [$180,000](https://theloanweek.com/mortgage/180000/)$1,201.17
- [$185,000](https://theloanweek.com/mortgage/185000/)$1,234.54
- [$190,000](https://theloanweek.com/mortgage/190000/)$1,267.91
- [$195,000](https://theloanweek.com/mortgage/195000/)$1,301.27
- [$200,000](https://theloanweek.com/mortgage/200000/)$1,334.64
- [$205,000](https://theloanweek.com/mortgage/205000/)$1,368.00
- [$210,000](https://theloanweek.com/mortgage/210000/)$1,401.37
- [$215,000](https://theloanweek.com/mortgage/215000/)$1,434.73
- [$220,000](https://theloanweek.com/mortgage/220000/)$1,468.10
- [$225,000](https://theloanweek.com/mortgage/225000/)$1,501.47
- [$230,000](https://theloanweek.com/mortgage/230000/)$1,534.83
- [$235,000](https://theloanweek.com/mortgage/235000/)$1,568.20
- [$240,000](https://theloanweek.com/mortgage/240000/)$1,601.56
- [$245,000](https://theloanweek.com/mortgage/245000/)$1,634.93
- [$250,000](https://theloanweek.com/mortgage/250000/)$1,668.30
- [$255,000](https://theloanweek.com/mortgage/255000/)$1,701.66
- [$260,000](https://theloanweek.com/mortgage/260000/)$1,735.03
- [$265,000](https://theloanweek.com/mortgage/265000/)$1,768.39
- [$270,000](https://theloanweek.com/mortgage/270000/)$1,801.76
- [$275,000](https://theloanweek.com/mortgage/275000/)$1,835.13
- [$280,000](https://theloanweek.com/mortgage/280000/)$1,868.49
- [$285,000](https://theloanweek.com/mortgage/285000/)$1,901.86
- [$290,000](https://theloanweek.com/mortgage/290000/)$1,935.22
- [$295,000](https://theloanweek.com/mortgage/295000/)$1,968.59
- [$300,000](https://theloanweek.com/mortgage/300000/)$2,001.96
- [$305,000](https://theloanweek.com/mortgage/305000/)$2,035.32
- [$310,000](https://theloanweek.com/mortgage/310000/)$2,068.69
- [$315,000](https://theloanweek.com/mortgage/315000/)$2,102.05
- [$320,000](https://theloanweek.com/mortgage/320000/)$2,135.42
- [$325,000](https://theloanweek.com/mortgage/325000/)$2,168.79
- [$330,000](https://theloanweek.com/mortgage/330000/)$2,202.15
- [$335,000](https://theloanweek.com/mortgage/335000/)$2,235.52
- [$340,000](https://theloanweek.com/mortgage/340000/)$2,268.88
- [$345,000](https://theloanweek.com/mortgage/345000/)$2,302.25
- [$350,000](https://theloanweek.com/mortgage/350000/)$2,335.61
- [$355,000](https://theloanweek.com/mortgage/355000/)$2,368.98
- [$360,000](https://theloanweek.com/mortgage/360000/)$2,402.35
- [$365,000](https://theloanweek.com/mortgage/365000/)$2,435.71
- [$370,000](https://theloanweek.com/mortgage/370000/)$2,469.08
- [$375,000](https://theloanweek.com/mortgage/375000/)$2,502.44
- [$380,000](https://theloanweek.com/mortgage/380000/)$2,535.81
- [$385,000](https://theloanweek.com/mortgage/385000/)$2,569.18
- [$390,000](https://theloanweek.com/mortgage/390000/)$2,602.54
- [$395,000](https://theloanweek.com/mortgage/395000/)$2,635.91
- [$400,000](https://theloanweek.com/mortgage/400000/)$2,669.27
- [$405,000](https://theloanweek.com/mortgage/405000/)$2,702.64
- [$410,000](https://theloanweek.com/mortgage/410000/)$2,736.01
- [$415,000](https://theloanweek.com/mortgage/415000/)$2,769.37
- [$420,000](https://theloanweek.com/mortgage/420000/)$2,802.74
- [$425,000](https://theloanweek.com/mortgage/425000/)$2,836.10
- [$430,000](https://theloanweek.com/mortgage/430000/)$2,869.47
- [$435,000](https://theloanweek.com/mortgage/435000/)$2,902.84
- [$440,000](https://theloanweek.com/mortgage/440000/)$2,936.20
- [$445,000](https://theloanweek.com/mortgage/445000/)$2,969.57
- [$450,000](https://theloanweek.com/mortgage/450000/)$3,002.93
- [$455,000](https://theloanweek.com/mortgage/455000/)$3,036.30
- [$460,000](https://theloanweek.com/mortgage/460000/)$3,069.67
- [$465,000](https://theloanweek.com/mortgage/465000/)$3,103.03
- [$470,000](https://theloanweek.com/mortgage/470000/)$3,136.40
- [$475,000](https://theloanweek.com/mortgage/475000/)$3,169.76
- [$480,000](https://theloanweek.com/mortgage/480000/)$3,203.13
- [$485,000](https://theloanweek.com/mortgage/485000/)$3,236.49
- [$490,000](https://theloanweek.com/mortgage/490000/)$3,269.86
- [$495,000](https://theloanweek.com/mortgage/495000/)$3,303.23
- [$500,000](https://theloanweek.com/mortgage/500000/)$3,336.59
- [$525,000](https://theloanweek.com/mortgage/525000/)$3,503.42
- [$550,000](https://theloanweek.com/mortgage/550000/)$3,670.25
- [$575,000](https://theloanweek.com/mortgage/575000/)$3,837.08
- [$600,000](https://theloanweek.com/mortgage/600000/)$4,003.91
- [$625,000](https://theloanweek.com/mortgage/625000/)$4,170.74
- [$650,000](https://theloanweek.com/mortgage/650000/)$4,337.57
- [$675,000](https://theloanweek.com/mortgage/675000/)$4,504.40
- [$700,000](https://theloanweek.com/mortgage/700000/)$4,671.23
- [$725,000](https://theloanweek.com/mortgage/725000/)$4,838.06
- [$750,000](https://theloanweek.com/mortgage/750000/)$5,004.89
- [$775,000](https://theloanweek.com/mortgage/775000/)$5,171.72
- [$800,000](https://theloanweek.com/mortgage/800000/)$5,338.55
- [$825,000](https://theloanweek.com/mortgage/825000/)$5,505.38
- [$850,000](https://theloanweek.com/mortgage/850000/)$5,672.21
- [$875,000](https://theloanweek.com/mortgage/875000/)$5,839.04
- [$900,000](https://theloanweek.com/mortgage/900000/)$6,005.87
- [$925,000](https://theloanweek.com/mortgage/925000/)$6,172.70
- [$950,000](https://theloanweek.com/mortgage/950000/)$6,339.53
- [$975,000](https://theloanweek.com/mortgage/975000/)$6,506.36
- [$1,000,000](https://theloanweek.com/mortgage/1000000/)$6,673.19
- [$1,050,000](https://theloanweek.com/mortgage/1050000/)$7,006.84
- [$1,100,000](https://theloanweek.com/mortgage/1100000/)$7,340.50
- [$1,150,000](https://theloanweek.com/mortgage/1150000/)$7,674.16
- [$1,200,000](https://theloanweek.com/mortgage/1200000/)$8,007.82
- [$1,250,000](https://theloanweek.com/mortgage/1250000/)$8,341.48
- [$1,300,000](https://theloanweek.com/mortgage/1300000/)$8,675.14
- [$1,350,000](https://theloanweek.com/mortgage/1350000/)$9,008.80
- [$1,400,000](https://theloanweek.com/mortgage/1400000/)$9,342.46
- [$1,450,000](https://theloanweek.com/mortgage/1450000/)$9,676.12
- [$1,500,000](https://theloanweek.com/mortgage/1500000/)$10,009.78
- [$1,550,000](https://theloanweek.com/mortgage/1550000/)$10,343.44
- [$1,600,000](https://theloanweek.com/mortgage/1600000/)$10,677.10
- [$1,650,000](https://theloanweek.com/mortgage/1650000/)$11,010.76
- [$1,700,000](https://theloanweek.com/mortgage/1700000/)$11,344.41
- [$1,750,000](https://theloanweek.com/mortgage/1750000/)$11,678.07
- [$1,800,000](https://theloanweek.com/mortgage/1800000/)$12,011.73
- [$1,850,000](https://theloanweek.com/mortgage/1850000/)$12,345.39
- [$1,900,000](https://theloanweek.com/mortgage/1900000/)$12,679.05
- [$1,950,000](https://theloanweek.com/mortgage/1950000/)$13,012.71
- [$2,000,000](https://theloanweek.com/mortgage/2000000/)$13,346.37

## $300,000 Mortgage Payment: $2,002/Month at This Week's 7.03% Average (30-Year)

Source: https://theloanweek.com/mortgage/300000/

30-year fixed at 7.03%, the Freddie Mac average for the week of September 24, 2026.

Principal and interest

$2,001.96 a month

*Chart: Of $720,704 in loan payments, $300,000 repays the loan and $420,704 is interest.*

- **Total interest over 30 years**: $420,704
- **Total loan payments**: $720,704
- **Interest per dollar of loan payments**: 58¢

Source: Freddie Mac Primary Mortgage Market Survey, week of September 24, 2026. An average, not an offer.

### Payment on $300,000 if the rate moves

**30-year fixed; difference compared with this week's average**

| Rate | Monthly payment | Difference | Total interest |
| --- | --- | --- | --- |
| [5.25%](https://theloanweek.com/mortgage/300000/5.25-percent/) | $1,656.61 | −$345.34 | $296,380 |
| [5.50%](https://theloanweek.com/mortgage/300000/5.5-percent/) | $1,703.37 | −$298.59 | $313,212 |
| [5.75%](https://theloanweek.com/mortgage/300000/5.75-percent/) | $1,750.72 | −$251.24 | $330,259 |
| [6.00%](https://theloanweek.com/mortgage/300000/6-percent/) | $1,798.65 | −$203.30 | $347,515 |
| [6.25%](https://theloanweek.com/mortgage/300000/6.25-percent/) | $1,847.15 | −$154.80 | $364,975 |
| [6.50%](https://theloanweek.com/mortgage/300000/6.5-percent/) | $1,896.20 | −$105.75 | $382,633 |
| [6.75%](https://theloanweek.com/mortgage/300000/6.75-percent/) | $1,945.79 | −$56.16 | $400,486 |
| [7.00%](https://theloanweek.com/mortgage/300000/7-percent/) | $1,995.91 | −$6.05 | $418,527 |
| 7.03% this week's average | $2,001.96 | $0.00 | $420,704 |
| [7.25%](https://theloanweek.com/mortgage/300000/7.25-percent/) | $2,046.53 | +$44.57 | $436,750 |
| [7.50%](https://theloanweek.com/mortgage/300000/7.5-percent/) | $2,097.64 | +$95.69 | $455,152 |
| [7.75%](https://theloanweek.com/mortgage/300000/7.75-percent/) | $2,149.24 | +$147.28 | $473,725 |
| [8.00%](https://theloanweek.com/mortgage/300000/8-percent/) | $2,201.29 | +$199.34 | $492,466 |
| [8.25%](https://theloanweek.com/mortgage/300000/8.25-percent/) | $2,253.80 | +$251.84 | $511,368 |
| [8.50%](https://theloanweek.com/mortgage/300000/8.5-percent/) | $2,306.74 | +$304.78 | $530,427 |
| [8.75%](https://theloanweek.com/mortgage/300000/8.75-percent/) | $2,360.10 | +$358.15 | $549,636 |
| [9.00%](https://theloanweek.com/mortgage/300000/9-percent/) | $2,413.87 | +$411.91 | $568,992 |

### By loan term, at this week's averages

| Term | Rate | Monthly payment | Total interest | Total paid |
| --- | --- | --- | --- | --- |
| 15-year fixed PMMS 15-year average | 6.42% | $2,600.15 | $168,026 | $468,026 |
| 20-year fixed priced at the 30-year average (no weekly 20-year survey) | 7.03% | $2,331.30 | $259,513 | $559,513 |
| 30-year fixed PMMS 30-year average | 7.03% | $2,001.96 | $420,704 | $720,704 |

### With taxes

**Assumes the $300,000 loan is 80% of a $375,000 purchase (20% down, so no PMI).**

| Principal and interest | $2,001.96 |
| --- | --- |
| Property tax 0.78% a year, estimate | $243.75 |
| Homeowners insurance | not included |
| Monthly subtotal before insurance/HOA | $2,245.71 |

Estimate: the median of the 32 state rates we have sourced. Insurance is left out because we have no sourced average for this estimate yet; add your own quote.

[Enter your insurance, property tax, HOA and PMI quotes](https://theloanweek.com/calculator/mortgage/?price=375000&down=20&rate=7.03&years=30&state=) · [Estimate conventional PMI request and termination milestones](https://theloanweek.com/calculator/pmi-removal/)

### Income needed

To keep the $2,245.71 monthly housing cost at 28% of gross income, you'd need about **$96,245 a year**. Lenders also cap total debt payments near 36% of income, so car and student loan payments reduce what you can borrow.

### Amortization schedule

[Create a dated schedule with extra payments](https://theloanweek.com/calculator/amortization/)

Payment totals include regular principal, extra principal and interest. Annual lump sums are part of the Extra column. CSV separates monthly and annual extras. Calculations keep full precision; displayed rows and totals are rounded independently.

Principal repaid, including any extra principal payment, first exceeds interest at payment 243. The chart below compares totals for each loan year.

*Chart: Principal and interest paid each year on a $300,000 mortgage. Each column is one loan year, split into principal repaid and interest paid. Annual principal repaid, including extra payments, first exceeds annual interest in year 21.*

#### First 12 months

**Amortization schedule for a $300,000 mortgage at 7.03% over 30 years, months 1–12; first payment $2,001.96. The final payment may be smaller.**

| Payment | Total payment | Regular principal | Extra | Interest | Balance |
| --- | --- | --- | --- | --- | --- |
| 1 | $2,001.96 | $244.46 | $0.00 | $1,757.50 | $299,755.54 |
| 2 | $2,001.96 | $245.89 | $0.00 | $1,756.07 | $299,509.66 |
| 3 | $2,001.96 | $247.33 | $0.00 | $1,754.63 | $299,262.33 |
| 4 | $2,001.96 | $248.78 | $0.00 | $1,753.18 | $299,013.55 |
| 5 | $2,001.96 | $250.23 | $0.00 | $1,751.72 | $298,763.32 |
| 6 | $2,001.96 | $251.70 | $0.00 | $1,750.26 | $298,511.62 |
| 7 | $2,001.96 | $253.17 | $0.00 | $1,748.78 | $298,258.44 |
| 8 | $2,001.96 | $254.66 | $0.00 | $1,747.30 | $298,003.78 |
| 9 | $2,001.96 | $256.15 | $0.00 | $1,745.81 | $297,747.63 |
| 10 | $2,001.96 | $257.65 | $0.00 | $1,744.30 | $297,489.98 |
| 11 | $2,001.96 | $259.16 | $0.00 | $1,742.80 | $297,230.82 |
| 12 | $2,001.96 | $260.68 | $0.00 | $1,741.28 | $296,970.14 |

#### Year by year

**Totals for each loan year**

| Loan year | Total paid | Principal incl. extras | Interest | Balance at year end |
| --- | --- | --- | --- | --- |
| 1 | $24,023 | $3,030 | $20,994 | $296,970 |
| 2 | $24,023 | $3,250 | $20,774 | $293,720 |
| 3 | $24,023 | $3,486 | $20,538 | $290,234 |
| 4 | $24,023 | $3,739 | $20,285 | $286,496 |
| 5 | $24,023 | $4,010 | $20,013 | $282,485 |
| 6 | $24,023 | $4,302 | $19,722 | $278,184 |
| 7 | $24,023 | $4,614 | $19,410 | $273,570 |
| 8 | $24,023 | $4,949 | $19,074 | $268,621 |
| 9 | $24,023 | $5,308 | $18,715 | $263,312 |
| 10 | $24,023 | $5,694 | $18,330 | $257,619 |
| 11 | $24,023 | $6,107 | $17,916 | $251,511 |
| 12 | $24,023 | $6,551 | $17,473 | $244,961 |
| 13 | $24,023 | $7,026 | $16,997 | $237,935 |
| 14 | $24,023 | $7,536 | $16,487 | $230,398 |
| 15 | $24,023 | $8,084 | $15,940 | $222,314 |
| 16 | $24,023 | $8,671 | $15,353 | $213,644 |
| 17 | $24,023 | $9,300 | $14,723 | $204,344 |
| 18 | $24,023 | $9,975 | $14,048 | $194,368 |
| 19 | $24,023 | $10,700 | $13,324 | $183,668 |
| 20 | $24,023 | $11,477 | $12,547 | $172,192 |
| 21 | $24,023 | $12,310 | $11,713 | $159,882 |
| 22 | $24,023 | $13,204 | $10,820 | $146,678 |
| 23 | $24,023 | $14,163 | $9,861 | $132,515 |
| 24 | $24,023 | $15,191 | $8,833 | $117,324 |
| 25 | $24,023 | $16,294 | $7,730 | $101,031 |
| 26 | $24,023 | $17,477 | $6,546 | $83,553 |
| 27 | $24,023 | $18,746 | $5,277 | $64,807 |
| 28 | $24,023 | $20,107 | $3,916 | $44,700 |
| 29 | $24,023 | $21,567 | $2,456 | $23,133 |
| 30 | $24,023 | $23,133 | $890 | $0 |
| Total | $720,704 | $300,000 | $420,704 | $0 |

*Chart: Balance remaining on a $300,000 mortgage over 30 years. The loan balance left at the end of each year, from $300,000 down to $0.*

### Questions

#### How much is a $300,000 mortgage per month?

At 7.03% (this week's Freddie Mac 30-year average), a 30-year $300,000 mortgage costs $2,001.96 a month in principal and interest. Property tax and insurance add about $243.75 a month on a $375,000 home, for about $2,245.71 in total.

#### How much income do I need for a $300,000 mortgage?

About $96,245 a year, if housing costs ($2,245.71 a month including estimated tax) stay at 28% of gross income. Other debts lower what lenders will approve under the 36% total-debt guideline.

#### How much interest will I pay on a $300,000 mortgage?

$420,704 over 30 years at 7.03%. A 15-year loan at 6.42% cuts that to $168,026, but the payment rises to $2,600.15.

#### What is the payment on a $300,000 mortgage at 7%?

$1,995.91 a month over 30 years, −$6.05 compared with 7.03%. Total interest would be $418,527.

#### How much faster is a $300,000 mortgage paid off with $100 extra a month?

Adding $100 to every payment pays the loan off in 25 years 10 months instead of 30 years and saves about $69,861 in interest at 7.03%.

#### Is this rate an offer?

No. 7.03% is the Freddie Mac weekly average for 30-year fixed loans with about 20% down and strong credit. Lenders price each borrower individually; your quote can be higher or lower.

### Sources

- [30-year fixed mortgage average: 7.03%](https://fred.stlouisfed.org/series/MORTGAGE30US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE30US, as of September 24, 2026; retrieved September 27, 2026.
- [15-year fixed mortgage average: 6.42%](https://fred.stlouisfed.org/series/MORTGAGE15US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE15US, as of September 24, 2026; retrieved September 27, 2026.
- [Property tax (median effective rate by state)](https://taxfoundation.org/data/all/state/property-taxes-by-state-county/). Tax Foundation, effective property tax rate on owner-occupied housing (Census ACS), Property Taxes by State, 2026 edition (2024 data). States not yet sourced use 0.78%, the median of the 32 state rates we have sourced, marked as an estimate.
- [Homeowners insurance (average premium)](https://content.naic.org/article/naic-releases-homeowners-insurance-report-2022). NAIC homeowners report, 2022 data, HO-3 policies. Only states with a sourced figure include insurance.
- [28/36 debt-to-income guideline](https://www.consumerfinance.gov/ask-cfpb/what-is-a-debt-to-income-ratio-en-1791/). Lender guideline (Chase, Bankrate); CFPB debt-to-income guidance.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## House payments by price | The Loan Week

Source: https://theloanweek.com/house/

Principal and interest with 20% down at the 7.03% 30-year average.

- [$60,000](https://theloanweek.com/house/60000/)$320.31
- [$65,000](https://theloanweek.com/house/65000/)$347.01
- [$70,000](https://theloanweek.com/house/70000/)$373.70
- [$75,000](https://theloanweek.com/house/75000/)$400.39
- [$80,000](https://theloanweek.com/house/80000/)$427.08
- [$85,000](https://theloanweek.com/house/85000/)$453.78
- [$90,000](https://theloanweek.com/house/90000/)$480.47
- [$95,000](https://theloanweek.com/house/95000/)$507.16
- [$100,000](https://theloanweek.com/house/100000/)$533.85
- [$105,000](https://theloanweek.com/house/105000/)$560.55
- [$110,000](https://theloanweek.com/house/110000/)$587.24
- [$115,000](https://theloanweek.com/house/115000/)$613.93
- [$120,000](https://theloanweek.com/house/120000/)$640.63
- [$125,000](https://theloanweek.com/house/125000/)$667.32
- [$130,000](https://theloanweek.com/house/130000/)$694.01
- [$135,000](https://theloanweek.com/house/135000/)$720.70
- [$140,000](https://theloanweek.com/house/140000/)$747.40
- [$145,000](https://theloanweek.com/house/145000/)$774.09
- [$150,000](https://theloanweek.com/house/150000/)$800.78
- [$155,000](https://theloanweek.com/house/155000/)$827.47
- [$160,000](https://theloanweek.com/house/160000/)$854.17
- [$165,000](https://theloanweek.com/house/165000/)$880.86
- [$170,000](https://theloanweek.com/house/170000/)$907.55
- [$175,000](https://theloanweek.com/house/175000/)$934.25
- [$180,000](https://theloanweek.com/house/180000/)$960.94
- [$185,000](https://theloanweek.com/house/185000/)$987.63
- [$190,000](https://theloanweek.com/house/190000/)$1,014.32
- [$195,000](https://theloanweek.com/house/195000/)$1,041.02
- [$200,000](https://theloanweek.com/house/200000/)$1,067.71
- [$205,000](https://theloanweek.com/house/205000/)$1,094.40
- [$210,000](https://theloanweek.com/house/210000/)$1,121.10
- [$215,000](https://theloanweek.com/house/215000/)$1,147.79
- [$220,000](https://theloanweek.com/house/220000/)$1,174.48
- [$225,000](https://theloanweek.com/house/225000/)$1,201.17
- [$230,000](https://theloanweek.com/house/230000/)$1,227.87
- [$235,000](https://theloanweek.com/house/235000/)$1,254.56
- [$240,000](https://theloanweek.com/house/240000/)$1,281.25
- [$245,000](https://theloanweek.com/house/245000/)$1,307.94
- [$250,000](https://theloanweek.com/house/250000/)$1,334.64
- [$255,000](https://theloanweek.com/house/255000/)$1,361.33
- [$260,000](https://theloanweek.com/house/260000/)$1,388.02
- [$265,000](https://theloanweek.com/house/265000/)$1,414.72
- [$270,000](https://theloanweek.com/house/270000/)$1,441.41
- [$275,000](https://theloanweek.com/house/275000/)$1,468.10
- [$280,000](https://theloanweek.com/house/280000/)$1,494.79
- [$285,000](https://theloanweek.com/house/285000/)$1,521.49
- [$290,000](https://theloanweek.com/house/290000/)$1,548.18
- [$295,000](https://theloanweek.com/house/295000/)$1,574.87
- [$300,000](https://theloanweek.com/house/300000/)$1,601.56
- [$305,000](https://theloanweek.com/house/305000/)$1,628.26
- [$310,000](https://theloanweek.com/house/310000/)$1,654.95
- [$315,000](https://theloanweek.com/house/315000/)$1,681.64
- [$320,000](https://theloanweek.com/house/320000/)$1,708.34
- [$325,000](https://theloanweek.com/house/325000/)$1,735.03
- [$330,000](https://theloanweek.com/house/330000/)$1,761.72
- [$335,000](https://theloanweek.com/house/335000/)$1,788.41
- [$340,000](https://theloanweek.com/house/340000/)$1,815.11
- [$345,000](https://theloanweek.com/house/345000/)$1,841.80
- [$350,000](https://theloanweek.com/house/350000/)$1,868.49
- [$355,000](https://theloanweek.com/house/355000/)$1,895.18
- [$360,000](https://theloanweek.com/house/360000/)$1,921.88
- [$365,000](https://theloanweek.com/house/365000/)$1,948.57
- [$370,000](https://theloanweek.com/house/370000/)$1,975.26
- [$375,000](https://theloanweek.com/house/375000/)$2,001.96
- [$380,000](https://theloanweek.com/house/380000/)$2,028.65
- [$385,000](https://theloanweek.com/house/385000/)$2,055.34
- [$390,000](https://theloanweek.com/house/390000/)$2,082.03
- [$395,000](https://theloanweek.com/house/395000/)$2,108.73
- [$400,000](https://theloanweek.com/house/400000/)$2,135.42
- [$405,000](https://theloanweek.com/house/405000/)$2,162.11
- [$410,000](https://theloanweek.com/house/410000/)$2,188.80
- [$415,000](https://theloanweek.com/house/415000/)$2,215.50
- [$420,000](https://theloanweek.com/house/420000/)$2,242.19
- [$425,000](https://theloanweek.com/house/425000/)$2,268.88
- [$430,000](https://theloanweek.com/house/430000/)$2,295.58
- [$435,000](https://theloanweek.com/house/435000/)$2,322.27
- [$440,000](https://theloanweek.com/house/440000/)$2,348.96
- [$445,000](https://theloanweek.com/house/445000/)$2,375.65
- [$450,000](https://theloanweek.com/house/450000/)$2,402.35
- [$455,000](https://theloanweek.com/house/455000/)$2,429.04
- [$460,000](https://theloanweek.com/house/460000/)$2,455.73
- [$465,000](https://theloanweek.com/house/465000/)$2,482.42
- [$470,000](https://theloanweek.com/house/470000/)$2,509.12
- [$475,000](https://theloanweek.com/house/475000/)$2,535.81
- [$480,000](https://theloanweek.com/house/480000/)$2,562.50
- [$485,000](https://theloanweek.com/house/485000/)$2,589.20
- [$490,000](https://theloanweek.com/house/490000/)$2,615.89
- [$495,000](https://theloanweek.com/house/495000/)$2,642.58
- [$500,000](https://theloanweek.com/house/500000/)$2,669.27
- [$505,000](https://theloanweek.com/house/505000/)$2,695.97
- [$510,000](https://theloanweek.com/house/510000/)$2,722.66
- [$515,000](https://theloanweek.com/house/515000/)$2,749.35
- [$520,000](https://theloanweek.com/house/520000/)$2,776.04
- [$525,000](https://theloanweek.com/house/525000/)$2,802.74
- [$530,000](https://theloanweek.com/house/530000/)$2,829.43
- [$535,000](https://theloanweek.com/house/535000/)$2,856.12
- [$540,000](https://theloanweek.com/house/540000/)$2,882.82
- [$545,000](https://theloanweek.com/house/545000/)$2,909.51
- [$550,000](https://theloanweek.com/house/550000/)$2,936.20
- [$555,000](https://theloanweek.com/house/555000/)$2,962.89
- [$560,000](https://theloanweek.com/house/560000/)$2,989.59
- [$565,000](https://theloanweek.com/house/565000/)$3,016.28
- [$570,000](https://theloanweek.com/house/570000/)$3,042.97
- [$575,000](https://theloanweek.com/house/575000/)$3,069.67
- [$580,000](https://theloanweek.com/house/580000/)$3,096.36
- [$585,000](https://theloanweek.com/house/585000/)$3,123.05
- [$590,000](https://theloanweek.com/house/590000/)$3,149.74
- [$595,000](https://theloanweek.com/house/595000/)$3,176.44
- [$600,000](https://theloanweek.com/house/600000/)$3,203.13
- [$625,000](https://theloanweek.com/house/625000/)$3,336.59
- [$650,000](https://theloanweek.com/house/650000/)$3,470.06
- [$675,000](https://theloanweek.com/house/675000/)$3,603.52
- [$700,000](https://theloanweek.com/house/700000/)$3,736.98
- [$725,000](https://theloanweek.com/house/725000/)$3,870.45
- [$750,000](https://theloanweek.com/house/750000/)$4,003.91
- [$775,000](https://theloanweek.com/house/775000/)$4,137.37
- [$800,000](https://theloanweek.com/house/800000/)$4,270.84
- [$825,000](https://theloanweek.com/house/825000/)$4,404.30
- [$850,000](https://theloanweek.com/house/850000/)$4,537.77
- [$875,000](https://theloanweek.com/house/875000/)$4,671.23
- [$900,000](https://theloanweek.com/house/900000/)$4,804.69
- [$925,000](https://theloanweek.com/house/925000/)$4,938.16
- [$950,000](https://theloanweek.com/house/950000/)$5,071.62
- [$975,000](https://theloanweek.com/house/975000/)$5,205.08
- [$1,000,000](https://theloanweek.com/house/1000000/)$5,338.55
- [$1,025,000](https://theloanweek.com/house/1025000/)$5,472.01
- [$1,050,000](https://theloanweek.com/house/1050000/)$5,605.48
- [$1,075,000](https://theloanweek.com/house/1075000/)$5,738.94
- [$1,100,000](https://theloanweek.com/house/1100000/)$5,872.40
- [$1,125,000](https://theloanweek.com/house/1125000/)$6,005.87
- [$1,150,000](https://theloanweek.com/house/1150000/)$6,139.33
- [$1,175,000](https://theloanweek.com/house/1175000/)$6,272.79
- [$1,200,000](https://theloanweek.com/house/1200000/)$6,406.26
- [$1,225,000](https://theloanweek.com/house/1225000/)$6,539.72
- [$1,250,000](https://theloanweek.com/house/1250000/)$6,673.19
- [$1,300,000](https://theloanweek.com/house/1300000/)$6,940.11
- [$1,350,000](https://theloanweek.com/house/1350000/)$7,207.04
- [$1,400,000](https://theloanweek.com/house/1400000/)$7,473.97
- [$1,450,000](https://theloanweek.com/house/1450000/)$7,740.89
- [$1,500,000](https://theloanweek.com/house/1500000/)$8,007.82
- [$1,550,000](https://theloanweek.com/house/1550000/)$8,274.75
- [$1,600,000](https://theloanweek.com/house/1600000/)$8,541.68
- [$1,650,000](https://theloanweek.com/house/1650000/)$8,808.60
- [$1,700,000](https://theloanweek.com/house/1700000/)$9,075.53
- [$1,750,000](https://theloanweek.com/house/1750000/)$9,342.46
- [$1,800,000](https://theloanweek.com/house/1800000/)$9,609.39
- [$1,850,000](https://theloanweek.com/house/1850000/)$9,876.31
- [$1,900,000](https://theloanweek.com/house/1900000/)$10,143.24
- [$1,950,000](https://theloanweek.com/house/1950000/)$10,410.17
- [$2,000,000](https://theloanweek.com/house/2000000/)$10,677.10
- [$2,050,000](https://theloanweek.com/house/2050000/)$10,944.02
- [$2,100,000](https://theloanweek.com/house/2100000/)$11,210.95
- [$2,150,000](https://theloanweek.com/house/2150000/)$11,477.88
- [$2,200,000](https://theloanweek.com/house/2200000/)$11,744.81
- [$2,250,000](https://theloanweek.com/house/2250000/)$12,011.73
- [$2,300,000](https://theloanweek.com/house/2300000/)$12,278.66
- [$2,350,000](https://theloanweek.com/house/2350000/)$12,545.59
- [$2,400,000](https://theloanweek.com/house/2400000/)$12,812.52
- [$2,450,000](https://theloanweek.com/house/2450000/)$13,079.44
- [$2,500,000](https://theloanweek.com/house/2500000/)$13,346.37

## $400,000 House Payment: $2,135/Month With 20% Down at 7.03% (30-Year)

Source: https://theloanweek.com/house/400000/

With 20% ($80,000) down: a $320,000 30-year loan at 7.03%, the Freddie Mac average for the week of September 24, 2026.

Principal and interest

$2,135.42 a month

With estimated property tax: $2,395.42 a month.

*Chart: Of $768,751 in loan payments, $320,000 repays the loan and $448,751 is interest.*

- **Total interest over 30 years**: $448,751
- **Total loan payments**: $768,751
- **Interest per dollar of loan payments**: 58¢

Source: Freddie Mac Primary Mortgage Market Survey, week of September 24, 2026. An average, not an offer.

### By down payment

**30-year fixed at 7.03%; tax 0.78% a year (estimate); insurance not included**

| Down payment | Loan | Principal and interest | PMI | Monthly total | Total interest |
| --- | --- | --- | --- | --- | --- |
| 5% $20,000 | $380,000 | $2,535.81 | $237.50 | $3,033.31 | $532,892 |
| 10% $40,000 | $360,000 | $2,402.35 | $225.00 | $2,887.35 | $504,845 |
| 20% $80,000 | $320,000 | $2,135.42 | — | $2,395.42 | $448,751 |

PMI is estimated at 0.75% of the loan a year and ends when the balance reaches 78% of the price: after 11 years 10 months with 5% down and 9 years 8 months with 10% down.

### With taxes

**20% down, 30-year fixed at the weekly average.**

| Principal and interest | $2,135.42 |
| --- | --- |
| Property tax 0.78% a year, estimate | $260.00 |
| Homeowners insurance | not included |
| Monthly subtotal before insurance/HOA | $2,395.42 |

Estimate: the median of the 32 state rates we have sourced. Insurance is left out because we have no sourced average for this estimate yet; add your own quote.

[Enter your insurance, property tax, HOA and PMI quotes](https://theloanweek.com/calculator/mortgage/?price=400000&down=20&rate=7.03&years=30&state=) · [Estimate conventional PMI request and termination milestones](https://theloanweek.com/calculator/pmi-removal/)

### Income needed

With 20% down, keeping $2,395.42 a month at 28% of gross income takes about **$102,661 a year**.

### Payment on the $320,000 loan if the rate moves

**30-year fixed; difference compared with this week's average**

| Rate | Monthly payment | Difference | Total interest |
| --- | --- | --- | --- |
| 5.25% | $1,767.05 | −$368.37 | $316,139 |
| 5.50% | $1,816.92 | −$318.49 | $334,093 |
| 5.75% | $1,867.43 | −$267.99 | $352,276 |
| 6.00% | $1,918.56 | −$216.86 | $370,682 |
| 6.25% | $1,970.30 | −$165.12 | $389,306 |
| 6.50% | $2,022.62 | −$112.80 | $408,142 |
| 6.75% | $2,075.51 | −$59.91 | $427,185 |
| 7.00% | $2,128.97 | −$6.45 | $446,428 |
| 7.03% this week's average | $2,135.42 | $0.00 | $448,751 |
| 7.25% | $2,182.96 | +$47.54 | $465,867 |
| 7.50% | $2,237.49 | +$102.07 | $485,495 |
| 7.75% | $2,292.52 | +$157.10 | $505,307 |
| 8.00% | $2,348.05 | +$212.63 | $525,297 |
| 8.25% | $2,404.05 | +$268.63 | $545,459 |
| 8.50% | $2,460.52 | +$325.10 | $565,788 |
| 8.75% | $2,517.44 | +$382.02 | $586,279 |
| 9.00% | $2,574.79 | +$439.37 | $606,925 |

### By loan term (20% down)

| Term | Rate | Monthly payment | Total interest | Total paid |
| --- | --- | --- | --- | --- |
| 15-year fixed PMMS 15-year average | 6.42% | $2,773.49 | $179,228 | $499,228 |
| 20-year fixed priced at the 30-year average (no weekly 20-year survey) | 7.03% | $2,486.72 | $276,813 | $596,813 |
| 30-year fixed PMMS 30-year average | 7.03% | $2,135.42 | $448,751 | $768,751 |

### Amortization schedule

[Create a dated schedule with extra payments](https://theloanweek.com/calculator/amortization/)

Payment totals include regular principal, extra principal and interest. Annual lump sums are part of the Extra column. CSV separates monthly and annual extras. Calculations keep full precision; displayed rows and totals are rounded independently.

Principal repaid, including any extra principal payment, first exceeds interest at payment 243. The chart below compares totals for each loan year.

*Chart: Principal and interest paid each year on the $320,000 loan. Each column is one loan year, split into principal repaid and interest paid. Annual principal repaid, including extra payments, first exceeds annual interest in year 21.*

#### First 12 months

**Amortization schedule for the $320,000 loan at 7.03% over 30 years, months 1–12; first payment $2,135.42. The final payment may be smaller.**

| Payment | Total payment | Regular principal | Extra | Interest | Balance |
| --- | --- | --- | --- | --- | --- |
| 1 | $2,135.42 | $260.75 | $0.00 | $1,874.67 | $319,739.25 |
| 2 | $2,135.42 | $262.28 | $0.00 | $1,873.14 | $319,476.97 |
| 3 | $2,135.42 | $263.82 | $0.00 | $1,871.60 | $319,213.15 |
| 4 | $2,135.42 | $265.36 | $0.00 | $1,870.06 | $318,947.79 |
| 5 | $2,135.42 | $266.92 | $0.00 | $1,868.50 | $318,680.87 |
| 6 | $2,135.42 | $268.48 | $0.00 | $1,866.94 | $318,412.39 |
| 7 | $2,135.42 | $270.05 | $0.00 | $1,865.37 | $318,142.34 |
| 8 | $2,135.42 | $271.64 | $0.00 | $1,863.78 | $317,870.70 |
| 9 | $2,135.42 | $273.23 | $0.00 | $1,862.19 | $317,597.48 |
| 10 | $2,135.42 | $274.83 | $0.00 | $1,860.59 | $317,322.65 |
| 11 | $2,135.42 | $276.44 | $0.00 | $1,858.98 | $317,046.21 |
| 12 | $2,135.42 | $278.06 | $0.00 | $1,857.36 | $316,768.15 |

#### Year by year

**Totals for each loan year**

| Loan year | Total paid | Principal incl. extras | Interest | Balance at year end |
| --- | --- | --- | --- | --- |
| 1 | $25,625 | $3,232 | $22,393 | $316,768 |
| 2 | $25,625 | $3,467 | $22,159 | $313,302 |
| 3 | $25,625 | $3,718 | $21,907 | $309,583 |
| 4 | $25,625 | $3,988 | $21,637 | $305,595 |
| 5 | $25,625 | $4,278 | $21,347 | $301,317 |
| 6 | $25,625 | $4,588 | $21,037 | $296,729 |
| 7 | $25,625 | $4,922 | $20,703 | $291,808 |
| 8 | $25,625 | $5,279 | $20,346 | $286,529 |
| 9 | $25,625 | $5,662 | $19,963 | $280,866 |
| 10 | $25,625 | $6,073 | $19,552 | $274,793 |
| 11 | $25,625 | $6,514 | $19,111 | $268,279 |
| 12 | $25,625 | $6,987 | $18,638 | $261,291 |
| 13 | $25,625 | $7,495 | $18,130 | $253,797 |
| 14 | $25,625 | $8,039 | $17,586 | $245,758 |
| 15 | $25,625 | $8,623 | $17,002 | $237,135 |
| 16 | $25,625 | $9,249 | $16,376 | $227,887 |
| 17 | $25,625 | $9,920 | $15,705 | $217,967 |
| 18 | $25,625 | $10,640 | $14,985 | $207,326 |
| 19 | $25,625 | $11,413 | $14,212 | $195,913 |
| 20 | $25,625 | $12,242 | $13,383 | $183,671 |
| 21 | $25,625 | $13,131 | $12,494 | $170,541 |
| 22 | $25,625 | $14,084 | $11,541 | $156,456 |
| 23 | $25,625 | $15,107 | $10,518 | $141,350 |
| 24 | $25,625 | $16,204 | $9,421 | $125,146 |
| 25 | $25,625 | $17,380 | $8,245 | $107,766 |
| 26 | $25,625 | $18,642 | $6,983 | $89,124 |
| 27 | $25,625 | $19,996 | $5,629 | $69,128 |
| 28 | $25,625 | $21,448 | $4,177 | $47,680 |
| 29 | $25,625 | $23,005 | $2,620 | $24,675 |
| 30 | $25,625 | $24,675 | $950 | $0 |
| Total | $768,751 | $320,000 | $448,751 | $0 |

*Chart: Balance remaining on the $320,000 loan over 30 years. The loan balance left at the end of each year, from $320,000 down to $0.*

### Questions

#### How much is the monthly payment on a $400,000 house?

With 20% down, $2,135.42 a month in principal and interest at 7.03%, or about $2,395.42 with estimated property tax. With 10% down it is about $2,887.35 including PMI.

#### How much do I need to make to afford a $400,000 house?

About $102,661 a year with 20% down, keeping housing costs at 28% of gross income. With 5% down the payment rises to $3,033.31, which needs about $129,999.

#### How much is the down payment on a $400,000 house?

$20,000 at 5%, $40,000 at 10% and $80,000 at 20%. Below 20% most conventional loans add private mortgage insurance, estimated here at 0.75% of the loan a year.

#### How long do I pay PMI on a $400,000 house with 10% down?

Until the balance reaches 78% of the original price, when PMI ends automatically: 9 years 8 months at 7.03%, about $26,100 in PMI in total. You can ask to cancel it earlier at 80%.

#### Is 7.03% the rate I will get?

Not necessarily. It is Freddie Mac's weekly average for borrowers with about 20% down and strong credit, not a quote. A lender's quote depends on credit, down payment, points and the lender.

### Sources

- [30-year fixed mortgage average: 7.03%](https://fred.stlouisfed.org/series/MORTGAGE30US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE30US, as of September 24, 2026; retrieved September 27, 2026.
- [15-year fixed mortgage average: 6.42%](https://fred.stlouisfed.org/series/MORTGAGE15US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE15US, as of September 24, 2026; retrieved September 27, 2026.
- [Property tax (median effective rate by state)](https://taxfoundation.org/data/all/state/property-taxes-by-state-county/). Tax Foundation, effective property tax rate on owner-occupied housing (Census ACS), Property Taxes by State, 2026 edition (2024 data). States not yet sourced use 0.78%, the median of the 32 state rates we have sourced, marked as an estimate.
- [Homeowners insurance (average premium)](https://content.naic.org/article/naic-releases-homeowners-insurance-report-2022). NAIC homeowners report, 2022 data, HO-3 policies. Only states with a sourced figure include insurance.
- [PMI assumption: 0.75% of the loan a year below 20% down](https://www.consumerfinance.gov/ask-cfpb/when-can-i-remove-private-mortgage-insurance-pmi-from-my-loan-en-202/). Typical range 0.5–1.5% (Urban Institute, Freddie Mac); ends at 78% of the original value under the Homeowners Protection Act (CFPB).
- [28/36 debt-to-income guideline](https://www.consumerfinance.gov/ask-cfpb/what-is-a-debt-to-income-ratio-en-1791/). Lender guideline (Chase, Bankrate); CFPB debt-to-income guidance.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Car loan payments by amount | The Loan Week

Source: https://theloanweek.com/car-loan/

60-month payment at the Fed's 7.14% average bank rate.

- [$5,000](https://theloanweek.com/car-loan/5000/)$99.34
- [$5,500](https://theloanweek.com/car-loan/5500/)$109.27
- [$6,000](https://theloanweek.com/car-loan/6000/)$119.20
- [$6,500](https://theloanweek.com/car-loan/6500/)$129.14
- [$7,000](https://theloanweek.com/car-loan/7000/)$139.07
- [$7,500](https://theloanweek.com/car-loan/7500/)$149.00
- [$8,000](https://theloanweek.com/car-loan/8000/)$158.94
- [$8,500](https://theloanweek.com/car-loan/8500/)$168.87
- [$9,000](https://theloanweek.com/car-loan/9000/)$178.81
- [$9,500](https://theloanweek.com/car-loan/9500/)$188.74
- [$10,000](https://theloanweek.com/car-loan/10000/)$198.67
- [$10,500](https://theloanweek.com/car-loan/10500/)$208.61
- [$11,000](https://theloanweek.com/car-loan/11000/)$218.54
- [$11,500](https://theloanweek.com/car-loan/11500/)$228.47
- [$12,000](https://theloanweek.com/car-loan/12000/)$238.41
- [$12,500](https://theloanweek.com/car-loan/12500/)$248.34
- [$13,000](https://theloanweek.com/car-loan/13000/)$258.28
- [$13,500](https://theloanweek.com/car-loan/13500/)$268.21
- [$14,000](https://theloanweek.com/car-loan/14000/)$278.14
- [$14,500](https://theloanweek.com/car-loan/14500/)$288.08
- [$15,000](https://theloanweek.com/car-loan/15000/)$298.01
- [$15,500](https://theloanweek.com/car-loan/15500/)$307.94
- [$16,000](https://theloanweek.com/car-loan/16000/)$317.88
- [$16,500](https://theloanweek.com/car-loan/16500/)$327.81
- [$17,000](https://theloanweek.com/car-loan/17000/)$337.74
- [$17,500](https://theloanweek.com/car-loan/17500/)$347.68
- [$18,000](https://theloanweek.com/car-loan/18000/)$357.61
- [$18,500](https://theloanweek.com/car-loan/18500/)$367.55
- [$19,000](https://theloanweek.com/car-loan/19000/)$377.48
- [$19,500](https://theloanweek.com/car-loan/19500/)$387.41
- [$20,000](https://theloanweek.com/car-loan/20000/)$397.35
- [$20,500](https://theloanweek.com/car-loan/20500/)$407.28
- [$21,000](https://theloanweek.com/car-loan/21000/)$417.21
- [$21,500](https://theloanweek.com/car-loan/21500/)$427.15
- [$22,000](https://theloanweek.com/car-loan/22000/)$437.08
- [$22,500](https://theloanweek.com/car-loan/22500/)$447.01
- [$23,000](https://theloanweek.com/car-loan/23000/)$456.95
- [$23,500](https://theloanweek.com/car-loan/23500/)$466.88
- [$24,000](https://theloanweek.com/car-loan/24000/)$476.82
- [$24,500](https://theloanweek.com/car-loan/24500/)$486.75
- [$25,000](https://theloanweek.com/car-loan/25000/)$496.68
- [$25,500](https://theloanweek.com/car-loan/25500/)$506.62
- [$26,000](https://theloanweek.com/car-loan/26000/)$516.55
- [$26,500](https://theloanweek.com/car-loan/26500/)$526.48
- [$27,000](https://theloanweek.com/car-loan/27000/)$536.42
- [$27,500](https://theloanweek.com/car-loan/27500/)$546.35
- [$28,000](https://theloanweek.com/car-loan/28000/)$556.28
- [$28,500](https://theloanweek.com/car-loan/28500/)$566.22
- [$29,000](https://theloanweek.com/car-loan/29000/)$576.15
- [$29,500](https://theloanweek.com/car-loan/29500/)$586.09
- [$30,000](https://theloanweek.com/car-loan/30000/)$596.02
- [$30,500](https://theloanweek.com/car-loan/30500/)$605.95
- [$31,000](https://theloanweek.com/car-loan/31000/)$615.89
- [$31,500](https://theloanweek.com/car-loan/31500/)$625.82
- [$32,000](https://theloanweek.com/car-loan/32000/)$635.75
- [$32,500](https://theloanweek.com/car-loan/32500/)$645.69
- [$33,000](https://theloanweek.com/car-loan/33000/)$655.62
- [$33,500](https://theloanweek.com/car-loan/33500/)$665.56
- [$34,000](https://theloanweek.com/car-loan/34000/)$675.49
- [$34,500](https://theloanweek.com/car-loan/34500/)$685.42
- [$35,000](https://theloanweek.com/car-loan/35000/)$695.36
- [$35,500](https://theloanweek.com/car-loan/35500/)$705.29
- [$36,000](https://theloanweek.com/car-loan/36000/)$715.22
- [$36,500](https://theloanweek.com/car-loan/36500/)$725.16
- [$37,000](https://theloanweek.com/car-loan/37000/)$735.09
- [$37,500](https://theloanweek.com/car-loan/37500/)$745.02
- [$38,000](https://theloanweek.com/car-loan/38000/)$754.96
- [$38,500](https://theloanweek.com/car-loan/38500/)$764.89
- [$39,000](https://theloanweek.com/car-loan/39000/)$774.83
- [$39,500](https://theloanweek.com/car-loan/39500/)$784.76
- [$40,000](https://theloanweek.com/car-loan/40000/)$794.69
- [$40,500](https://theloanweek.com/car-loan/40500/)$804.63
- [$41,000](https://theloanweek.com/car-loan/41000/)$814.56
- [$41,500](https://theloanweek.com/car-loan/41500/)$824.49
- [$42,000](https://theloanweek.com/car-loan/42000/)$834.43
- [$42,500](https://theloanweek.com/car-loan/42500/)$844.36
- [$43,000](https://theloanweek.com/car-loan/43000/)$854.29
- [$43,500](https://theloanweek.com/car-loan/43500/)$864.23
- [$44,000](https://theloanweek.com/car-loan/44000/)$874.16
- [$44,500](https://theloanweek.com/car-loan/44500/)$884.10
- [$45,000](https://theloanweek.com/car-loan/45000/)$894.03
- [$45,500](https://theloanweek.com/car-loan/45500/)$903.96
- [$46,000](https://theloanweek.com/car-loan/46000/)$913.90
- [$46,500](https://theloanweek.com/car-loan/46500/)$923.83
- [$47,000](https://theloanweek.com/car-loan/47000/)$933.76
- [$47,500](https://theloanweek.com/car-loan/47500/)$943.70
- [$48,000](https://theloanweek.com/car-loan/48000/)$953.63
- [$48,500](https://theloanweek.com/car-loan/48500/)$963.56
- [$49,000](https://theloanweek.com/car-loan/49000/)$973.50
- [$49,500](https://theloanweek.com/car-loan/49500/)$983.43
- [$50,000](https://theloanweek.com/car-loan/50000/)$993.37
- [$51,000](https://theloanweek.com/car-loan/51000/)$1,013.23
- [$52,000](https://theloanweek.com/car-loan/52000/)$1,033.10
- [$53,000](https://theloanweek.com/car-loan/53000/)$1,052.97
- [$54,000](https://theloanweek.com/car-loan/54000/)$1,072.84
- [$55,000](https://theloanweek.com/car-loan/55000/)$1,092.70
- [$56,000](https://theloanweek.com/car-loan/56000/)$1,112.57
- [$57,000](https://theloanweek.com/car-loan/57000/)$1,132.44
- [$58,000](https://theloanweek.com/car-loan/58000/)$1,152.30
- [$59,000](https://theloanweek.com/car-loan/59000/)$1,172.17
- [$60,000](https://theloanweek.com/car-loan/60000/)$1,192.04
- [$61,000](https://theloanweek.com/car-loan/61000/)$1,211.91
- [$62,000](https://theloanweek.com/car-loan/62000/)$1,231.77
- [$63,000](https://theloanweek.com/car-loan/63000/)$1,251.64
- [$64,000](https://theloanweek.com/car-loan/64000/)$1,271.51
- [$65,000](https://theloanweek.com/car-loan/65000/)$1,291.38
- [$66,000](https://theloanweek.com/car-loan/66000/)$1,311.24
- [$67,000](https://theloanweek.com/car-loan/67000/)$1,331.11
- [$68,000](https://theloanweek.com/car-loan/68000/)$1,350.98
- [$69,000](https://theloanweek.com/car-loan/69000/)$1,370.84
- [$70,000](https://theloanweek.com/car-loan/70000/)$1,390.71
- [$71,000](https://theloanweek.com/car-loan/71000/)$1,410.58
- [$72,000](https://theloanweek.com/car-loan/72000/)$1,430.45
- [$73,000](https://theloanweek.com/car-loan/73000/)$1,450.31
- [$74,000](https://theloanweek.com/car-loan/74000/)$1,470.18
- [$75,000](https://theloanweek.com/car-loan/75000/)$1,490.05
- [$76,000](https://theloanweek.com/car-loan/76000/)$1,509.92
- [$77,000](https://theloanweek.com/car-loan/77000/)$1,529.78
- [$78,000](https://theloanweek.com/car-loan/78000/)$1,549.65
- [$79,000](https://theloanweek.com/car-loan/79000/)$1,569.52
- [$80,000](https://theloanweek.com/car-loan/80000/)$1,589.39
- [$81,000](https://theloanweek.com/car-loan/81000/)$1,609.25
- [$82,000](https://theloanweek.com/car-loan/82000/)$1,629.12
- [$83,000](https://theloanweek.com/car-loan/83000/)$1,648.99
- [$84,000](https://theloanweek.com/car-loan/84000/)$1,668.85
- [$85,000](https://theloanweek.com/car-loan/85000/)$1,688.72
- [$86,000](https://theloanweek.com/car-loan/86000/)$1,708.59
- [$87,000](https://theloanweek.com/car-loan/87000/)$1,728.46
- [$88,000](https://theloanweek.com/car-loan/88000/)$1,748.32
- [$89,000](https://theloanweek.com/car-loan/89000/)$1,768.19
- [$90,000](https://theloanweek.com/car-loan/90000/)$1,788.06
- [$91,000](https://theloanweek.com/car-loan/91000/)$1,807.93
- [$92,000](https://theloanweek.com/car-loan/92000/)$1,827.79
- [$93,000](https://theloanweek.com/car-loan/93000/)$1,847.66
- [$94,000](https://theloanweek.com/car-loan/94000/)$1,867.53
- [$95,000](https://theloanweek.com/car-loan/95000/)$1,887.40
- [$96,000](https://theloanweek.com/car-loan/96000/)$1,907.26
- [$97,000](https://theloanweek.com/car-loan/97000/)$1,927.13
- [$98,000](https://theloanweek.com/car-loan/98000/)$1,947.00
- [$99,000](https://theloanweek.com/car-loan/99000/)$1,966.86
- [$100,000](https://theloanweek.com/car-loan/100000/)$1,986.73

## $25,000 Car Loan Payment: $497/Month for 60 Months at 7.14%

Source: https://theloanweek.com/car-loan/25000/

60 months at 7.14%, the Federal Reserve's average finance rate on 60-month new-car loans at commercial banks (May 2026 survey).

Principal and interest, before sales tax

$496.68 a month

*Chart: Of $29,801 in loan payments, $25,000 repays the loan and $4,801 is interest.*

- **Total interest over 60 months**: $4,801
- **Total loan payments**: $29,801
- **Interest per dollar of loan payments**: 16¢

Source: Federal Reserve G.19, May 2026 survey. An average, not an offer.

### By credit score

**Experian Q2 2026 average APR by credit tier, 60 months on $25,000**

| Credit tier | Score | New-car APR | Payment | Used-car APR | Payment |
| --- | --- | --- | --- | --- | --- |
| Super prime | 781–850 | 4.41% | $465.05 | 6.29% | $486.70 |
| Prime | 661–780 | 6.23% | $486.00 | not reported | — |
| Near prime | 601–660 | 9.67% | $527.13 | not reported | — |
| Subprime | 501–600 | 13.44% | $574.47 | not reported | — |
| Deep subprime | 300–500 | 16.11% | $609.41 | 21.62% | $685.08 |

Averages across lenders for loans originated in the quarter, not offers. All tiers combined: 6.35% new, 11.19% used.

### By loan term

| Term | Rate | Monthly payment | Total interest | Total paid |
| --- | --- | --- | --- | --- |
| [36 months](https://theloanweek.com/car-loan/25000/36-months/) | 7.47% | $777.31 | $2,983 | $27,983 |
| [48 months](https://theloanweek.com/car-loan/25000/48-months/) | 7.47% | $604.12 | $3,998 | $28,998 |
| 60 months | 7.14% | $496.68 | $4,801 | $29,801 |
| [72 months](https://theloanweek.com/car-loan/25000/72-months/) | 7.14% | $427.91 | $5,809 | $30,809 |
| [84 months](https://theloanweek.com/car-loan/25000/84-months/) | 7.14% | $379.03 | $6,839 | $31,839 |

### With sales tax

**If $25,000 is the vehicle price in California**

| State tax rate sales tax (statewide base incl. 1.25% uniform local) | 7.25% |
| --- | --- |
| Trade-in credit | no |
| Taxable amount | $25,000 |
| Sales tax | $1,813 |
| Financed (price − trade-in + tax) | $26,813 |
| Monthly payment with tax | $532.69 |

Trade-in is treated as payment and does not reduce the taxable selling price (CDTFA Pub 34). District taxes add on top of 7.25% depending on the registration address. Only states whose rules we have verified are listed.

### Payment and income

The $496.68 payment is 10% of gross income at **$59,602 a year** and 15% at $39,735. Insurance, fuel and maintenance come on top.

### Amortization schedule

[Create a dated schedule with extra payments](https://theloanweek.com/calculator/amortization/)

Payment totals include regular principal, extra principal and interest. Annual lump sums are part of the Extra column. CSV separates monthly and annual extras. Calculations keep full precision; displayed rows and totals are rounded independently.

*Chart: Principal and interest paid each year on a $25,000 car loan. Each column is one loan year, split into principal repaid and interest paid. Principal is the larger part from the first year.*

#### First 12 months

**Amortization schedule for a $25,000 car loan at 7.14% over 60 months, months 1–12; first payment $496.68. The final payment may be smaller.**

| Payment | Total payment | Regular principal | Extra | Interest | Balance |
| --- | --- | --- | --- | --- | --- |
| 1 | $496.68 | $347.93 | $0.00 | $148.75 | $24,652.07 |
| 2 | $496.68 | $350.00 | $0.00 | $146.68 | $24,302.06 |
| 3 | $496.68 | $352.09 | $0.00 | $144.60 | $23,949.98 |
| 4 | $496.68 | $354.18 | $0.00 | $142.50 | $23,595.80 |
| 5 | $496.68 | $356.29 | $0.00 | $140.39 | $23,239.51 |
| 6 | $496.68 | $358.41 | $0.00 | $138.28 | $22,881.10 |
| 7 | $496.68 | $360.54 | $0.00 | $136.14 | $22,520.56 |
| 8 | $496.68 | $362.69 | $0.00 | $134.00 | $22,157.88 |
| 9 | $496.68 | $364.84 | $0.00 | $131.84 | $21,793.03 |
| 10 | $496.68 | $367.01 | $0.00 | $129.67 | $21,426.02 |
| 11 | $496.68 | $369.20 | $0.00 | $127.48 | $21,056.82 |
| 12 | $496.68 | $371.39 | $0.00 | $125.29 | $20,685.42 |

#### Year by year

**Totals for each loan year**

| Loan year | Total paid | Principal incl. extras | Interest | Balance at year end |
| --- | --- | --- | --- | --- |
| 1 | $5,960 | $4,315 | $1,646 | $20,685 |
| 2 | $5,960 | $4,633 | $1,327 | $16,053 |
| 3 | $5,960 | $4,975 | $985 | $11,078 |
| 4 | $5,960 | $5,342 | $618 | $5,736 |
| 5 | $5,960 | $5,736 | $224 | $0 |
| Total | $29,801 | $25,000 | $4,801 | $0 |

*Chart: Balance remaining on a $25,000 car loan over 60 months. The loan balance left at the end of each year, from $25,000 down to $0.*

### Questions

#### What is the monthly payment on a $25,000 car loan for 60 months?

$496.68 at 7.14%, the average commercial-bank rate in the Fed's latest survey. Total interest is $4,801.

#### How much is a $25,000 car loan with bad credit?

At Experian's Q2 2026 average for subprime borrowers (scores 501–600, 13.44% on new cars), $574.47 a month over 60 months, versus $486.00 for prime borrowers.

#### Is 60 or 72 months better for a $25,000 car loan?

At the same 7.14% rate, 72 months lowers the payment from $496.68 to $427.91 but adds $1,008 in interest, and longer loans usually carry higher rates.

#### What income do I need for a $25,000 car loan?

The $496.68 payment is 10% of gross income at $59,602 a year and 15% at $39,735. Many budgets keep car payments near 10–15% of income.

#### How much does sales tax add to a $25,000 car in California?

$1,813 at the 7.25% state rate (no trade-in credit in this state). Financed with the car, it raises the payment to $532.69. Local taxes can add more.

### Sources

- [New-car loan, 60 months average: 7.14%](https://fred.stlouisfed.org/series/RIFLPBCIANM60NM). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series RIFLPBCIANM60NM, as of May 1, 2026; retrieved September 27, 2026.
- [Average auto loan APR by credit tier](https://www.experian.com/blogs/ask-experian/average-car-loan-interest-rates-by-credit-score/). Experian State of the Automotive Finance Market, Q2 2026; retrieved September 26, 2026.
- [State vehicle sales tax and trade-in rules](https://theloanweek.com/sources/#vehicle-tax). State revenue departments and DMVs; state rate only, local taxes excluded.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Personal loan payments by amount | The Loan Week

Source: https://theloanweek.com/personal-loan/

36-month payment at the Fed's 11.86% average bank rate.

- [$1,000](https://theloanweek.com/personal-loan/1000/)$33.15
- [$1,500](https://theloanweek.com/personal-loan/1500/)$49.72
- [$2,000](https://theloanweek.com/personal-loan/2000/)$66.29
- [$2,500](https://theloanweek.com/personal-loan/2500/)$82.87
- [$3,000](https://theloanweek.com/personal-loan/3000/)$99.44
- [$3,500](https://theloanweek.com/personal-loan/3500/)$116.02
- [$4,000](https://theloanweek.com/personal-loan/4000/)$132.59
- [$4,500](https://theloanweek.com/personal-loan/4500/)$149.16
- [$5,000](https://theloanweek.com/personal-loan/5000/)$165.74
- [$5,500](https://theloanweek.com/personal-loan/5500/)$182.31
- [$6,000](https://theloanweek.com/personal-loan/6000/)$198.88
- [$6,500](https://theloanweek.com/personal-loan/6500/)$215.46
- [$7,000](https://theloanweek.com/personal-loan/7000/)$232.03
- [$7,500](https://theloanweek.com/personal-loan/7500/)$248.61
- [$8,000](https://theloanweek.com/personal-loan/8000/)$265.18
- [$8,500](https://theloanweek.com/personal-loan/8500/)$281.75
- [$9,000](https://theloanweek.com/personal-loan/9000/)$298.33
- [$9,500](https://theloanweek.com/personal-loan/9500/)$314.90
- [$10,000](https://theloanweek.com/personal-loan/10000/)$331.47
- [$10,500](https://theloanweek.com/personal-loan/10500/)$348.05
- [$11,000](https://theloanweek.com/personal-loan/11000/)$364.62
- [$11,500](https://theloanweek.com/personal-loan/11500/)$381.20
- [$12,000](https://theloanweek.com/personal-loan/12000/)$397.77
- [$12,500](https://theloanweek.com/personal-loan/12500/)$414.34
- [$13,000](https://theloanweek.com/personal-loan/13000/)$430.92
- [$13,500](https://theloanweek.com/personal-loan/13500/)$447.49
- [$14,000](https://theloanweek.com/personal-loan/14000/)$464.06
- [$14,500](https://theloanweek.com/personal-loan/14500/)$480.64
- [$15,000](https://theloanweek.com/personal-loan/15000/)$497.21
- [$15,500](https://theloanweek.com/personal-loan/15500/)$513.79
- [$16,000](https://theloanweek.com/personal-loan/16000/)$530.36
- [$16,500](https://theloanweek.com/personal-loan/16500/)$546.93
- [$17,000](https://theloanweek.com/personal-loan/17000/)$563.51
- [$17,500](https://theloanweek.com/personal-loan/17500/)$580.08
- [$18,000](https://theloanweek.com/personal-loan/18000/)$596.65
- [$18,500](https://theloanweek.com/personal-loan/18500/)$613.23
- [$19,000](https://theloanweek.com/personal-loan/19000/)$629.80
- [$19,500](https://theloanweek.com/personal-loan/19500/)$646.38
- [$20,000](https://theloanweek.com/personal-loan/20000/)$662.95
- [$20,500](https://theloanweek.com/personal-loan/20500/)$679.52
- [$21,000](https://theloanweek.com/personal-loan/21000/)$696.10
- [$21,500](https://theloanweek.com/personal-loan/21500/)$712.67
- [$22,000](https://theloanweek.com/personal-loan/22000/)$729.24
- [$22,500](https://theloanweek.com/personal-loan/22500/)$745.82
- [$23,000](https://theloanweek.com/personal-loan/23000/)$762.39
- [$23,500](https://theloanweek.com/personal-loan/23500/)$778.97
- [$24,000](https://theloanweek.com/personal-loan/24000/)$795.54
- [$24,500](https://theloanweek.com/personal-loan/24500/)$812.11
- [$25,000](https://theloanweek.com/personal-loan/25000/)$828.69
- [$25,500](https://theloanweek.com/personal-loan/25500/)$845.26
- [$26,000](https://theloanweek.com/personal-loan/26000/)$861.83
- [$26,500](https://theloanweek.com/personal-loan/26500/)$878.41
- [$27,000](https://theloanweek.com/personal-loan/27000/)$894.98
- [$27,500](https://theloanweek.com/personal-loan/27500/)$911.56
- [$28,000](https://theloanweek.com/personal-loan/28000/)$928.13
- [$28,500](https://theloanweek.com/personal-loan/28500/)$944.70
- [$29,000](https://theloanweek.com/personal-loan/29000/)$961.28
- [$29,500](https://theloanweek.com/personal-loan/29500/)$977.85
- [$30,000](https://theloanweek.com/personal-loan/30000/)$994.42
- [$30,500](https://theloanweek.com/personal-loan/30500/)$1,011.00
- [$31,000](https://theloanweek.com/personal-loan/31000/)$1,027.57
- [$31,500](https://theloanweek.com/personal-loan/31500/)$1,044.15
- [$32,000](https://theloanweek.com/personal-loan/32000/)$1,060.72
- [$32,500](https://theloanweek.com/personal-loan/32500/)$1,077.29
- [$33,000](https://theloanweek.com/personal-loan/33000/)$1,093.87
- [$33,500](https://theloanweek.com/personal-loan/33500/)$1,110.44
- [$34,000](https://theloanweek.com/personal-loan/34000/)$1,127.01
- [$34,500](https://theloanweek.com/personal-loan/34500/)$1,143.59
- [$35,000](https://theloanweek.com/personal-loan/35000/)$1,160.16
- [$35,500](https://theloanweek.com/personal-loan/35500/)$1,176.74
- [$36,000](https://theloanweek.com/personal-loan/36000/)$1,193.31
- [$36,500](https://theloanweek.com/personal-loan/36500/)$1,209.88
- [$37,000](https://theloanweek.com/personal-loan/37000/)$1,226.46
- [$37,500](https://theloanweek.com/personal-loan/37500/)$1,243.03
- [$38,000](https://theloanweek.com/personal-loan/38000/)$1,259.60
- [$38,500](https://theloanweek.com/personal-loan/38500/)$1,276.18
- [$39,000](https://theloanweek.com/personal-loan/39000/)$1,292.75
- [$39,500](https://theloanweek.com/personal-loan/39500/)$1,309.33
- [$40,000](https://theloanweek.com/personal-loan/40000/)$1,325.90
- [$40,500](https://theloanweek.com/personal-loan/40500/)$1,342.47
- [$41,000](https://theloanweek.com/personal-loan/41000/)$1,359.05
- [$41,500](https://theloanweek.com/personal-loan/41500/)$1,375.62
- [$42,000](https://theloanweek.com/personal-loan/42000/)$1,392.19
- [$42,500](https://theloanweek.com/personal-loan/42500/)$1,408.77
- [$43,000](https://theloanweek.com/personal-loan/43000/)$1,425.34
- [$43,500](https://theloanweek.com/personal-loan/43500/)$1,441.92
- [$44,000](https://theloanweek.com/personal-loan/44000/)$1,458.49
- [$44,500](https://theloanweek.com/personal-loan/44500/)$1,475.06
- [$45,000](https://theloanweek.com/personal-loan/45000/)$1,491.64
- [$45,500](https://theloanweek.com/personal-loan/45500/)$1,508.21
- [$46,000](https://theloanweek.com/personal-loan/46000/)$1,524.78
- [$46,500](https://theloanweek.com/personal-loan/46500/)$1,541.36
- [$47,000](https://theloanweek.com/personal-loan/47000/)$1,557.93
- [$47,500](https://theloanweek.com/personal-loan/47500/)$1,574.51
- [$48,000](https://theloanweek.com/personal-loan/48000/)$1,591.08
- [$48,500](https://theloanweek.com/personal-loan/48500/)$1,607.65
- [$49,000](https://theloanweek.com/personal-loan/49000/)$1,624.23
- [$49,500](https://theloanweek.com/personal-loan/49500/)$1,640.80
- [$50,000](https://theloanweek.com/personal-loan/50000/)$1,657.37

## $10,000 Personal Loan Monthly Payment: $331/Month Over 36 Months (11.86%)

Source: https://theloanweek.com/personal-loan/10000/

36 months at 11.86%, the Federal Reserve's average finance rate on 24-month personal loans at commercial banks (May 2026 survey). Rates vary widely with credit.

Principal and interest

$331.47 a month

*Chart: Of $11,933 in loan payments, $10,000 repays the loan and $1,933 is interest.*

- **Total interest over 36 months**: $1,933
- **Total loan payments**: $11,933
- **Interest per dollar of loan payments**: 16¢

Source: Federal Reserve G.19, May 2026 survey. An average, not an offer.

### Payment on $10,000 at other rates (36 months)

**Personal loan APRs vary widely with credit; the bank average is marked**

| APR | Monthly payment | Difference | Total interest |
| --- | --- | --- | --- |
| 8.00% | $313.36 | −$18.11 | $1,281 |
| 10.00% | $322.67 | −$8.80 | $1,616 |
| 11.86% Fed average | $331.47 | $0.00 | $1,933 |
| 12.00% | $332.14 | +$0.67 | $1,957 |
| 14.00% | $341.78 | +$10.30 | $2,304 |
| 16.00% | $351.57 | +$20.10 | $2,657 |
| 18.00% | $361.52 | +$30.05 | $3,015 |
| 20.00% | $371.64 | +$40.16 | $3,379 |
| 24.00% | $392.33 | +$60.85 | $4,124 |
| 28.00% | $413.64 | +$82.16 | $4,891 |

### By loan term

| Term | Rate | Monthly payment | Total interest | Total paid |
| --- | --- | --- | --- | --- |
| [12 months](https://theloanweek.com/personal-loan/10000/12-months/) | 11.86% | $887.83 | $654 | $10,654 |
| [24 months](https://theloanweek.com/personal-loan/10000/24-months/) | 11.86% | $470.08 | $1,282 | $11,282 |
| 36 months | 11.86% | $331.47 | $1,933 | $11,933 |
| [48 months](https://theloanweek.com/personal-loan/10000/48-months/) | 11.86% | $262.65 | $2,607 | $12,607 |
| [60 months](https://theloanweek.com/personal-loan/10000/60-months/) | 11.86% | $221.74 | $3,304 | $13,304 |

### Payment and income

The $331.47 payment equals 10% of gross income at **$39,777 a year**.

### Amortization schedule

[Create a dated schedule with extra payments](https://theloanweek.com/calculator/amortization/)

Payment totals include regular principal, extra principal and interest. Annual lump sums are part of the Extra column. CSV separates monthly and annual extras. Calculations keep full precision; displayed rows and totals are rounded independently.

*Chart: Principal and interest paid each year on a $10,000 personal loan. Each column is one loan year, split into principal repaid and interest paid. Principal is the larger part from the first year.*

#### First 12 months

**Amortization schedule for a $10,000 personal loan at 11.86% over 36 months, months 1–12; first payment $331.47. The final payment may be smaller.**

| Payment | Total payment | Regular principal | Extra | Interest | Balance |
| --- | --- | --- | --- | --- | --- |
| 1 | $331.47 | $232.64 | $0.00 | $98.83 | $9,767.36 |
| 2 | $331.47 | $234.94 | $0.00 | $96.53 | $9,532.42 |
| 3 | $331.47 | $237.26 | $0.00 | $94.21 | $9,295.15 |
| 4 | $331.47 | $239.61 | $0.00 | $91.87 | $9,055.55 |
| 5 | $331.47 | $241.98 | $0.00 | $89.50 | $8,813.57 |
| 6 | $331.47 | $244.37 | $0.00 | $87.11 | $8,569.20 |
| 7 | $331.47 | $246.78 | $0.00 | $84.69 | $8,322.42 |
| 8 | $331.47 | $249.22 | $0.00 | $82.25 | $8,073.20 |
| 9 | $331.47 | $251.68 | $0.00 | $79.79 | $7,821.52 |
| 10 | $331.47 | $254.17 | $0.00 | $77.30 | $7,567.34 |
| 11 | $331.47 | $256.68 | $0.00 | $74.79 | $7,310.66 |
| 12 | $331.47 | $259.22 | $0.00 | $72.25 | $7,051.44 |

#### Year by year

**Totals for each loan year**

| Loan year | Total paid | Principal incl. extras | Interest | Balance at year end |
| --- | --- | --- | --- | --- |
| 1 | $3,978 | $2,949 | $1,029 | $7,051 |
| 2 | $3,978 | $3,318 | $660 | $3,734 |
| 3 | $3,978 | $3,734 | $244 | $0 |
| Total | $11,933 | $10,000 | $1,933 | $0 |

*Chart: Balance remaining on a $10,000 personal loan over 36 months. The loan balance left at the end of each year, from $10,000 down to $0.*

### Questions

#### What is the monthly payment on a $10,000 personal loan for 36 months?

$331.47 at 11.86%, the average bank rate in the Fed's latest survey, with $1,933 in total interest.

#### How much is a $10,000 loan at 20% interest?

$371.64 a month over 36 months, with $3,379 in interest. Online lenders often charge more than banks, especially for fair credit.

#### Should I take a $10,000 personal loan over 24 or 60 months?

24 months costs $470.08 a month and $1,282 in interest; 60 months costs $221.74 a month but $3,304 in interest at the same rate.

#### What income do I need for a $10,000 personal loan?

The $331.47 payment equals 10% of gross income at $39,777 a year. Lenders look at your total debt-to-income ratio, not this loan alone.

#### Does the rate include fees?

The Fed figure is an annual percentage rate at commercial banks. Many online lenders charge origination fees of several percent, which raise the APR and reduce the cash you receive.

### Sources

- [Personal loan, 24 months average: 11.86%](https://fred.stlouisfed.org/series/TERMCBPER24NS). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series TERMCBPER24NS, as of May 1, 2026; retrieved September 27, 2026.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Student loan payments by amount | The Loan Week

Source: https://theloanweek.com/student-loan/

10-year standard payment at the 6.52% federal undergraduate rate.

- [$5,000](https://theloanweek.com/student-loan/5000/)$56.82
- [$10,000](https://theloanweek.com/student-loan/10000/)$113.65
- [$15,000](https://theloanweek.com/student-loan/15000/)$170.47
- [$20,000](https://theloanweek.com/student-loan/20000/)$227.30
- [$25,000](https://theloanweek.com/student-loan/25000/)$284.12
- [$30,000](https://theloanweek.com/student-loan/30000/)$340.95
- [$35,000](https://theloanweek.com/student-loan/35000/)$397.77
- [$40,000](https://theloanweek.com/student-loan/40000/)$454.60
- [$45,000](https://theloanweek.com/student-loan/45000/)$511.42
- [$50,000](https://theloanweek.com/student-loan/50000/)$568.25
- [$55,000](https://theloanweek.com/student-loan/55000/)$625.07
- [$60,000](https://theloanweek.com/student-loan/60000/)$681.90
- [$65,000](https://theloanweek.com/student-loan/65000/)$738.72
- [$70,000](https://theloanweek.com/student-loan/70000/)$795.55
- [$75,000](https://theloanweek.com/student-loan/75000/)$852.37
- [$80,000](https://theloanweek.com/student-loan/80000/)$909.20
- [$85,000](https://theloanweek.com/student-loan/85000/)$966.02
- [$90,000](https://theloanweek.com/student-loan/90000/)$1,022.85
- [$95,000](https://theloanweek.com/student-loan/95000/)$1,079.67
- [$100,000](https://theloanweek.com/student-loan/100000/)$1,136.50
- [$105,000](https://theloanweek.com/student-loan/105000/)$1,193.32
- [$110,000](https://theloanweek.com/student-loan/110000/)$1,250.15
- [$115,000](https://theloanweek.com/student-loan/115000/)$1,306.97
- [$120,000](https://theloanweek.com/student-loan/120000/)$1,363.80
- [$125,000](https://theloanweek.com/student-loan/125000/)$1,420.62
- [$130,000](https://theloanweek.com/student-loan/130000/)$1,477.45
- [$135,000](https://theloanweek.com/student-loan/135000/)$1,534.27
- [$140,000](https://theloanweek.com/student-loan/140000/)$1,591.10
- [$145,000](https://theloanweek.com/student-loan/145000/)$1,647.92
- [$150,000](https://theloanweek.com/student-loan/150000/)$1,704.75
- [$155,000](https://theloanweek.com/student-loan/155000/)$1,761.57
- [$160,000](https://theloanweek.com/student-loan/160000/)$1,818.40
- [$165,000](https://theloanweek.com/student-loan/165000/)$1,875.22
- [$170,000](https://theloanweek.com/student-loan/170000/)$1,932.05
- [$175,000](https://theloanweek.com/student-loan/175000/)$1,988.87
- [$180,000](https://theloanweek.com/student-loan/180000/)$2,045.70
- [$185,000](https://theloanweek.com/student-loan/185000/)$2,102.52
- [$190,000](https://theloanweek.com/student-loan/190000/)$2,159.35
- [$195,000](https://theloanweek.com/student-loan/195000/)$2,216.17
- [$200,000](https://theloanweek.com/student-loan/200000/)$2,273.00

## $40,000 Student Loan Payment: $455/Month: 10-Year Illustration (6.52%)

Source: https://theloanweek.com/student-loan/40000/

Voluntary 10-year fixed-payment illustration at 6.52%, the fixed rate on undergraduate Direct Loans first disbursed July 1, 2026 to June 30, 2027.

10-year payment illustration

$454.60 a month

Receiving a new Direct Loan on or after July 1, 2026 changes the fixed-plan options for the borrower. Tiered Standard for this balance: 15 years at $348.88 a month for this balance.

*Chart: Of $54,552 in loan payments, $40,000 repays the loan and $14,552 is interest.*

- **Total interest over 10 years**: $14,552
- **Total loan payments**: $54,552
- **Interest per dollar of loan payments**: 27¢

Source: U.S. Department of Education, 2026-27 rates. An average, not an offer.

### By repayment plan

**Fixed-payment federal plans at 6.52%, $50 minimum payment**

| Plan | Who can use it | Monthly payment | Total interest | Total paid |
| --- | --- | --- | --- | --- |
| Standard (10 years) | Legacy borrowers; no new Direct Loan from July 1, 2026. Confirm eligibility with your servicer. | $454.60 | $14,552 | $54,552 |
| Tiered Standard (15 years) | Borrowers receiving a Direct Loan on or after July 1, 2026; confirm all-loan eligibility. | $348.88 | $22,799 | $62,799 |
| Extended (15 years) | Eligible legacy borrowers with more than $30,000 in Direct Loans; additional conditions apply | $348.88 | $22,799 | $62,799 |
| Extended (20 years) | Eligible legacy borrowers with more than $30,000 in Direct Loans; additional conditions apply | $298.70 | $31,688 | $71,688 |
| Extended (25 years) | Eligible legacy borrowers with more than $30,000 in Direct Loans; additional conditions apply | $270.58 | $41,175 | $81,175 |

Income-driven repayment (the Repayment Assistance Plan for new borrowers) sets payments from 1% to 10% of adjusted gross income instead, so it is not priced here.

### By loan type, voluntary 10-year illustration

| Loan | Rate | Monthly payment | Total interest |
| --- | --- | --- | --- |
| Undergraduate Direct, 2026-27 | 6.52% | $454.60 | $14,552 |
| Graduate Direct Unsubsidized, 2026-27 | 8.07% | $486.79 | $18,415 |
| Direct PLUS (parent, legacy grad), 2026-27 | 9.07% | $508.22 | $20,986 |
| Undergraduate Direct, 2025-26 | 6.39% | $451.96 | $14,235 |
| Graduate Direct Unsubsidized, 2025-26 | 7.94% | $484.04 | $18,085 |

Origination fees of 1.057% (Direct) and 4.228% (PLUS) are deducted from each disbursement and are not in these payments.

### Payment and income

The illustrated payment of $454.60 is 10% of gross income at **$54,552 a year**. This ratio does not establish repayment-plan eligibility.

### Amortization schedule

[Create a dated schedule with extra payments](https://theloanweek.com/calculator/amortization/)

Payment totals include regular principal, extra principal and interest. Annual lump sums are part of the Extra column. CSV separates monthly and annual extras. Calculations keep full precision; displayed rows and totals are rounded independently.

*Chart: Principal and interest paid each year on a $40,000 student loan. Each column is one loan year, split into principal repaid and interest paid. Principal is the larger part from the first year.*

#### First 12 months

**Amortization schedule for a $40,000 student loan at 6.52% over 10 years, months 1–12; first payment $454.60. The final payment may be smaller.**

| Payment | Total payment | Regular principal | Extra | Interest | Balance |
| --- | --- | --- | --- | --- | --- |
| 1 | $454.60 | $237.27 | $0.00 | $217.33 | $39,762.73 |
| 2 | $454.60 | $238.55 | $0.00 | $216.04 | $39,524.18 |
| 3 | $454.60 | $239.85 | $0.00 | $214.75 | $39,284.33 |
| 4 | $454.60 | $241.15 | $0.00 | $213.44 | $39,043.17 |
| 5 | $454.60 | $242.46 | $0.00 | $212.13 | $38,800.71 |
| 6 | $454.60 | $243.78 | $0.00 | $210.82 | $38,556.93 |
| 7 | $454.60 | $245.11 | $0.00 | $209.49 | $38,311.82 |
| 8 | $454.60 | $246.44 | $0.00 | $208.16 | $38,065.38 |
| 9 | $454.60 | $247.78 | $0.00 | $206.82 | $37,817.61 |
| 10 | $454.60 | $249.12 | $0.00 | $205.48 | $37,568.48 |
| 11 | $454.60 | $250.48 | $0.00 | $204.12 | $37,318.01 |
| 12 | $454.60 | $251.84 | $0.00 | $202.76 | $37,066.17 |

#### Year by year

**Totals for each loan year**

| Loan year | Total paid | Principal incl. extras | Interest | Balance at year end |
| --- | --- | --- | --- | --- |
| 1 | $5,455 | $2,934 | $2,521 | $37,066 |
| 2 | $5,455 | $3,131 | $2,324 | $33,935 |
| 3 | $5,455 | $3,341 | $2,114 | $30,594 |
| 4 | $5,455 | $3,566 | $1,889 | $27,028 |
| 5 | $5,455 | $3,805 | $1,650 | $23,223 |
| 6 | $5,455 | $4,061 | $1,394 | $19,162 |
| 7 | $5,455 | $4,334 | $1,121 | $14,828 |
| 8 | $5,455 | $4,625 | $830 | $10,203 |
| 9 | $5,455 | $4,936 | $519 | $5,267 |
| 10 | $5,455 | $5,267 | $188 | $0 |
| Total | $54,552 | $40,000 | $14,552 | $0 |

*Chart: Balance remaining on a $40,000 student loan over 10 years. The loan balance left at the end of each year, from $40,000 down to $0.*

### Questions

#### What is the monthly payment on a $40,000 student loan?

$454.60 a month in this voluntary 10-year payment illustration at the 6.52% undergraduate rate, with $14,552 in interest. At the 8.07% graduate rate it is $486.79.

#### How long does it take to pay off $40,000 in student loans?

The displayed illustration repays over 10 years. Borrowers receiving a Direct Loan from July 1, 2026 use Tiered Standard for fixed repayment, which sets 15 years for this balance ($348.88 a month, $22,799 in interest).

#### Can I stretch a $40,000 student loan to 25 years?

Borrowers with older loans over $30,000 can use the Extended plan: $270.58 a month over 25 years, but $41,175 in interest.

#### What salary do I need for a $40,000 student loan?

The standard payment of $454.60 is 10% of gross income at $54,552 a year. If that is too much, income-driven repayment ties the payment to income instead.

#### Are private student loan rates the same?

No. Private lenders price on credit; published ranges in September 2026 ran from about 2.99% to 17.99% APR. Federal rates are fixed by law and the same for every borrower.

### Sources

- [Federal Direct Loan rates, 2026-27](https://studentaid.gov/understand-aid/types/loans/interest-rates). U.S. Department of Education, Federal Student Aid, loans first disbursed from July 1, 2026; retrieved September 26, 2026.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## How much can I afford? | The Loan Week

Source: https://theloanweek.com/afford/

House and car affordability by gross annual income, at current average rates.

### House you can afford

- [$30,000 a year](https://theloanweek.com/afford/house/30000/)about $97,000
- [$35,000 a year](https://theloanweek.com/afford/house/35000/)about $113,000
- [$40,000 a year](https://theloanweek.com/afford/house/40000/)about $129,000
- [$45,000 a year](https://theloanweek.com/afford/house/45000/)about $145,000
- [$50,000 a year](https://theloanweek.com/afford/house/50000/)about $162,000
- [$55,000 a year](https://theloanweek.com/afford/house/55000/)about $178,000
- [$60,000 a year](https://theloanweek.com/afford/house/60000/)about $194,000
- [$65,000 a year](https://theloanweek.com/afford/house/65000/)about $210,000
- [$70,000 a year](https://theloanweek.com/afford/house/70000/)about $226,000
- [$75,000 a year](https://theloanweek.com/afford/house/75000/)about $242,000
- [$80,000 a year](https://theloanweek.com/afford/house/80000/)about $259,000
- [$85,000 a year](https://theloanweek.com/afford/house/85000/)about $275,000
- [$90,000 a year](https://theloanweek.com/afford/house/90000/)about $291,000
- [$95,000 a year](https://theloanweek.com/afford/house/95000/)about $307,000
- [$100,000 a year](https://theloanweek.com/afford/house/100000/)about $323,000
- [$105,000 a year](https://theloanweek.com/afford/house/105000/)about $339,000
- [$110,000 a year](https://theloanweek.com/afford/house/110000/)about $356,000
- [$115,000 a year](https://theloanweek.com/afford/house/115000/)about $372,000
- [$120,000 a year](https://theloanweek.com/afford/house/120000/)about $388,000
- [$125,000 a year](https://theloanweek.com/afford/house/125000/)about $404,000
- [$130,000 a year](https://theloanweek.com/afford/house/130000/)about $420,000
- [$135,000 a year](https://theloanweek.com/afford/house/135000/)about $436,000
- [$140,000 a year](https://theloanweek.com/afford/house/140000/)about $453,000
- [$145,000 a year](https://theloanweek.com/afford/house/145000/)about $469,000
- [$150,000 a year](https://theloanweek.com/afford/house/150000/)about $485,000
- [$155,000 a year](https://theloanweek.com/afford/house/155000/)about $501,000
- [$160,000 a year](https://theloanweek.com/afford/house/160000/)about $517,000
- [$165,000 a year](https://theloanweek.com/afford/house/165000/)about $533,000
- [$170,000 a year](https://theloanweek.com/afford/house/170000/)about $550,000
- [$175,000 a year](https://theloanweek.com/afford/house/175000/)about $566,000
- [$180,000 a year](https://theloanweek.com/afford/house/180000/)about $582,000
- [$185,000 a year](https://theloanweek.com/afford/house/185000/)about $598,000
- [$190,000 a year](https://theloanweek.com/afford/house/190000/)about $614,000
- [$195,000 a year](https://theloanweek.com/afford/house/195000/)about $630,000
- [$200,000 a year](https://theloanweek.com/afford/house/200000/)about $646,000
- [$205,000 a year](https://theloanweek.com/afford/house/205000/)about $663,000
- [$210,000 a year](https://theloanweek.com/afford/house/210000/)about $679,000
- [$215,000 a year](https://theloanweek.com/afford/house/215000/)about $695,000
- [$220,000 a year](https://theloanweek.com/afford/house/220000/)about $711,000
- [$225,000 a year](https://theloanweek.com/afford/house/225000/)about $727,000
- [$230,000 a year](https://theloanweek.com/afford/house/230000/)about $743,000
- [$235,000 a year](https://theloanweek.com/afford/house/235000/)about $760,000
- [$240,000 a year](https://theloanweek.com/afford/house/240000/)about $776,000
- [$245,000 a year](https://theloanweek.com/afford/house/245000/)about $792,000
- [$250,000 a year](https://theloanweek.com/afford/house/250000/)about $808,000
- [$255,000 a year](https://theloanweek.com/afford/house/255000/)about $824,000
- [$260,000 a year](https://theloanweek.com/afford/house/260000/)about $840,000
- [$265,000 a year](https://theloanweek.com/afford/house/265000/)about $857,000
- [$270,000 a year](https://theloanweek.com/afford/house/270000/)about $873,000
- [$275,000 a year](https://theloanweek.com/afford/house/275000/)about $889,000
- [$280,000 a year](https://theloanweek.com/afford/house/280000/)about $905,000
- [$285,000 a year](https://theloanweek.com/afford/house/285000/)about $921,000
- [$290,000 a year](https://theloanweek.com/afford/house/290000/)about $937,000
- [$295,000 a year](https://theloanweek.com/afford/house/295000/)about $954,000
- [$300,000 a year](https://theloanweek.com/afford/house/300000/)about $970,000

### Car you can afford

- [$30,000 a year](https://theloanweek.com/afford/car/30000/)about $21,000
- [$35,000 a year](https://theloanweek.com/afford/car/35000/)about $24,500
- [$40,000 a year](https://theloanweek.com/afford/car/40000/)about $28,000
- [$45,000 a year](https://theloanweek.com/afford/car/45000/)about $31,500
- [$50,000 a year](https://theloanweek.com/afford/car/50000/)about $35,000
- [$55,000 a year](https://theloanweek.com/afford/car/55000/)about $38,400
- [$60,000 a year](https://theloanweek.com/afford/car/60000/)about $41,900
- [$65,000 a year](https://theloanweek.com/afford/car/65000/)about $45,400
- [$70,000 a year](https://theloanweek.com/afford/car/70000/)about $48,900
- [$75,000 a year](https://theloanweek.com/afford/car/75000/)about $52,400
- [$80,000 a year](https://theloanweek.com/afford/car/80000/)about $55,900
- [$85,000 a year](https://theloanweek.com/afford/car/85000/)about $59,400
- [$90,000 a year](https://theloanweek.com/afford/car/90000/)about $62,900
- [$95,000 a year](https://theloanweek.com/afford/car/95000/)about $66,400
- [$100,000 a year](https://theloanweek.com/afford/car/100000/)about $69,900
- [$105,000 a year](https://theloanweek.com/afford/car/105000/)about $73,400
- [$110,000 a year](https://theloanweek.com/afford/car/110000/)about $76,900
- [$115,000 a year](https://theloanweek.com/afford/car/115000/)about $80,400
- [$120,000 a year](https://theloanweek.com/afford/car/120000/)about $83,900
- [$125,000 a year](https://theloanweek.com/afford/car/125000/)about $87,400
- [$130,000 a year](https://theloanweek.com/afford/car/130000/)about $90,900
- [$135,000 a year](https://theloanweek.com/afford/car/135000/)about $94,400
- [$140,000 a year](https://theloanweek.com/afford/car/140000/)about $97,900
- [$145,000 a year](https://theloanweek.com/afford/car/145000/)about $101,400
- [$150,000 a year](https://theloanweek.com/afford/car/150000/)about $104,900
- [$155,000 a year](https://theloanweek.com/afford/car/155000/)about $108,400
- [$160,000 a year](https://theloanweek.com/afford/car/160000/)about $111,900
- [$165,000 a year](https://theloanweek.com/afford/car/165000/)about $115,300
- [$170,000 a year](https://theloanweek.com/afford/car/170000/)about $118,800
- [$175,000 a year](https://theloanweek.com/afford/car/175000/)about $122,300
- [$180,000 a year](https://theloanweek.com/afford/car/180000/)about $125,800
- [$185,000 a year](https://theloanweek.com/afford/car/185000/)about $129,300
- [$190,000 a year](https://theloanweek.com/afford/car/190000/)about $132,800
- [$195,000 a year](https://theloanweek.com/afford/car/195000/)about $136,300
- [$200,000 a year](https://theloanweek.com/afford/car/200000/)about $139,800
- [$205,000 a year](https://theloanweek.com/afford/car/205000/)about $143,300
- [$210,000 a year](https://theloanweek.com/afford/car/210000/)about $146,800
- [$215,000 a year](https://theloanweek.com/afford/car/215000/)about $150,300
- [$220,000 a year](https://theloanweek.com/afford/car/220000/)about $153,800
- [$225,000 a year](https://theloanweek.com/afford/car/225000/)about $157,300
- [$230,000 a year](https://theloanweek.com/afford/car/230000/)about $160,800
- [$235,000 a year](https://theloanweek.com/afford/car/235000/)about $164,300
- [$240,000 a year](https://theloanweek.com/afford/car/240000/)about $167,800
- [$245,000 a year](https://theloanweek.com/afford/car/245000/)about $171,300
- [$250,000 a year](https://theloanweek.com/afford/car/250000/)about $174,800
- [$255,000 a year](https://theloanweek.com/afford/car/255000/)about $178,300
- [$260,000 a year](https://theloanweek.com/afford/car/260000/)about $181,800
- [$265,000 a year](https://theloanweek.com/afford/car/265000/)about $185,300
- [$270,000 a year](https://theloanweek.com/afford/car/270000/)about $188,800
- [$275,000 a year](https://theloanweek.com/afford/car/275000/)about $192,200
- [$280,000 a year](https://theloanweek.com/afford/car/280000/)about $195,700
- [$285,000 a year](https://theloanweek.com/afford/car/285000/)about $199,200
- [$290,000 a year](https://theloanweek.com/afford/car/290000/)about $202,700
- [$295,000 a year](https://theloanweek.com/afford/car/295000/)about $206,200
- [$300,000 a year](https://theloanweek.com/afford/car/300000/)about $209,700

## How Much House Can I Afford on $60,000 a Year? About $194,000 at 7.03%

Source: https://theloanweek.com/afford/house/60000/

Home price within $1,400.00 a month for principal, interest, estimated property tax and PMI. Budget uses the lower of 28% of $60,000 gross income or 36% minus other debts, with 10% down and a 30-year loan at 7.03%, the Freddie Mac average for the week of September 24, 2026.

Price ceiling before insurance and HOA

$193,950

That is a $174,555 mortgage and a $19,395 down payment.

- Property tax: Estimate: the median of the 32 state rates we have sourced.
- Homeowners insurance: excluded — enter your annual quote.
- Flood insurance: excluded / assumed $0. HOA: excluded / assumed $0.
- PMI: 0.75% illustrative rate when applicable. Utilities, maintenance and upfront costs are excluded from the monthly payment.

*Chart: Of $419,341 in loan payments, $174,555 repays the loan and $244,786 is interest.*

- **Interest over 30 years**: $244,786
- **Total loan payments**: $419,341
- **Interest per dollar of loan payments**: 58¢

Source: Freddie Mac Primary Mortgage Market Survey, week of September 24, 2026. An average, not an offer.

### Explore a lower monthly budget

The selected limit uses the lower of 28% of gross income or 36% minus other monthly debt payments. The table shows 80%, 90% and 100% of that limit. These are spending scenarios, not approval amounts or recommended minimum spending.

The 28/36 benchmark is $1,400.00/month. Your selected limit is $1,400.00/month. Living expenses, utilities, repairs and savings need room elsewhere in your budget.

**Incomplete housing cost:** homeowners insurance is excluded. The displayed price and cash ranges can be too high until you enter a quote. Check the tax, flood, HOA and PMI assumptions too.

**Same 7.03% note rate, 30-year term, down-payment percentage and ownership costs**

| Budget level | Housing / month | Home price ceiling | Down payment | Cash to plan for |
| --- | --- | --- | --- | --- |
| 80% | $1,120.00 | $155,160 | $15,515.98 | $18,619–$23,274 |
| 90% | $1,260.00 | $174,555 | $17,455.47 | $20,947–$26,183 |
| 100% | $1,400.00 | $193,950 | $19,394.97 | $23,274–$29,092 |

Cash to plan for = down payment + an illustrative 2–5% of the home price for closing/prepaid costs + $0.00 kept aside. It is not a lender's final cash-to-close figure. Deposits already paid, credits and any other moving or setup costs require separate reconciliation.

The CFPB's [closing-cost range](https://www.consumerfinance.gov/owning-a-home/prepare/determine-your-down-payment/) is a rough starting point. Replace it with your actual quote. A cash-down input is already earmarked for the down payment; closing costs and the reserve above are additional.

[Calculate the payment at this same home price and costs](https://theloanweek.com/calculator/mortgage/?price=193949.6968454&down=10&rate=7.03&years=30&state=&tax_rate=0.78&property_tax=&insurance=&flood=0&hoa=0&pmi=0.75)

### By down payment

**Same $1,400.00 monthly budget, 30 years at 7.03%**

| Down payment | Home price | Cash down | Loan | Principal and interest | PMI |
| --- | --- | --- | --- | --- | --- |
| 3% | $181,130 | $5,434 | $175,696 | $1,172.45 | $109.81 |
| 5% | $184,617 | $9,231 | $175,386 | $1,170.38 | $109.62 |
| 10% | $193,950 | $19,395 | $174,555 | $1,164.84 | $109.10 |
| 20% | $233,780 | $46,756 | $187,024 | $1,248.04 | — |

### 28% and 36% of income

| Gross monthly income | $5,000.00 |
| --- | --- |
| 28% for housing | $1,400.00 |
| 36% for all debts, minus $0 other debts | $1,800.00 |
| Housing budget used (the lower) | $1,400.00 |

Stretching to the 36% line with no other debts would allow about $249,364. Property tax is 0.78% a year (Estimate: the median of the 32 state rates we have sourced); insurance is not included because no sourced average exists for this selection.

### If rates move

*Chart: Home price $60,000 can afford at different rates. Maximum price with 10% down under the 28/36 budget, as the 30-year rate moves one point either way.*

| 30-year rate | Home price | Loan | Change |
| --- | --- | --- | --- |
| 6.03% | $211,294 | $190,165 | +$17,345 |
| 6.53% | $202,345 | $182,110 | +$8,395 |
| 7.03% this week's average | $193,950 | $174,555 | $0 |
| 7.53% | $186,073 | $167,466 | −$7,877 |
| 8.03% | $178,681 | $160,812 | −$15,269 |

### Questions

#### How much house can I afford on $60,000 a year?

About $193,950 with 10% down at this week's 7.03% average, within the $1,400.00 monthly 28/36 budget after entered debts. Check the excluded ownership costs. With 20% down, about $233,780.

#### What mortgage can I get with a $60,000 salary?

A $174,555 loan in this 10%-down scenario, not an approval amount. The 36% gross-income benchmark for all monthly debt payments is $1,800.00. The housing budget subtracts your other monthly debts.

#### How much house can I afford on $60,000 with a small down payment?

With 3% down, about $181,130. The smaller down payment adds PMI (estimated at 0.75% of the loan a year) until the balance reaches 78% of the price.

#### How does the rate change what I can afford?

Each point matters: at 6.03% the same budget buys about $211,294, and at 8.03% about $178,681.

#### Would a 15-year mortgage change the answer?

Yes. At the 6.42% 15-year average, the same payment supports about $155,332 because more of each payment goes to principal.

### Sources

- [30-year fixed mortgage average: 7.03%](https://fred.stlouisfed.org/series/MORTGAGE30US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE30US, as of September 24, 2026; retrieved September 27, 2026.
- [15-year fixed mortgage average: 6.42%](https://fred.stlouisfed.org/series/MORTGAGE15US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE15US, as of September 24, 2026; retrieved September 27, 2026.
- [Property tax (median effective rate by state)](https://taxfoundation.org/data/all/state/property-taxes-by-state-county/). Tax Foundation, effective property tax rate on owner-occupied housing (Census ACS), Property Taxes by State, 2026 edition (2024 data). States not yet sourced use 0.78%, the median of the 32 state rates we have sourced, marked as an estimate.
- [Homeowners insurance (average premium)](https://content.naic.org/article/naic-releases-homeowners-insurance-report-2022). NAIC homeowners report, 2022 data, HO-3 policies. Only states with a sourced figure include insurance.
- [PMI assumption: 0.75% of the loan a year below 20% down](https://www.consumerfinance.gov/ask-cfpb/when-can-i-remove-private-mortgage-insurance-pmi-from-my-loan-en-202/). Typical range 0.5–1.5% (Urban Institute, Freddie Mac); ends at 78% of the original value under the Homeowners Protection Act (CFPB).
- [28/36 debt-to-income guideline](https://www.consumerfinance.gov/ask-cfpb/what-is-a-debt-to-income-ratio-en-1791/). Lender guideline (Chase, Bankrate); CFPB debt-to-income guidance.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## How Much Car Can I Afford Making $60,000? About $41,900 (15% Rule)

Source: https://theloanweek.com/afford/car/60000/

Car price whose payment ($750.00 a month) is 15% of $60,000 gross income, with 10% down and a 60-month loan at 7.14%, the Fed's average commercial-bank new-car rate (May 2026). Sales tax not included.

Car price at 15% of income

$41,945

Conservative (10% of income): $27,963. Stretch (20%): $55,927.

- This payment-only scenario excludes insurance, fuel and upkeep. Use the car affordability calculator to reserve those costs inside your total budget.

*Chart: Of $45,000 in loan payments, $37,750 repays the loan and $7,250 is interest.*

- **Interest over 60 months**: $7,250
- **Total loan payments**: $45,000
- **Interest per dollar of loan payments**: 16¢

Source: Federal Reserve G.19, May 2026 survey. An average, not an offer.

### A 20/4/10 transportation budget

The gross-income guideline allows $500.00/month for the loan and running costs together. An illustrative $300.00 for insurance, fuel and upkeep leaves $200.00 for a loan. Replace that running-cost example with your actual costs.

At the 7.47% published 48-month average, 20% down and the sales-tax assumption below, that supports a $10,346 vehicle price with $2,069.12 cash down. Fees and trade-in debt are excluded. This is separate from the payment-only percentage examples below.

[Compare these assumptions with your own full car budget](https://theloanweek.com/calculator/car-affordability/?income=60000&basis=gross&running=300&share=10&down=20&months=48&rate=7.47&state=)

[20/4/10 source: Chase](https://www.chase.com/personal/auto/education/buying/what-is-the-20-4-10-rule-for-car-buying), reviewed September 27, 2026. The guideline is not an approval test.

### 10%, 15% and 20% of income

**60 months at 7.14%, 10% down, sales tax not included**

| Share of gross income | Monthly payment | Loan | Car price | Total interest |
| --- | --- | --- | --- | --- |
| 10% | $500.00 | $25,167 | $27,963 | $4,833 |
| 15% | $750.00 | $37,750 | $41,945 | $7,250 |
| 20% | $1,000.00 | $50,334 | $55,927 | $9,666 |

### By credit score (15% of income)

| Credit tier | Score | Average new-car APR | Car price |
| --- | --- | --- | --- |
| Super prime | 781–850 | 4.41% | $44,798 |
| Prime | 661–780 | 6.23% | $42,867 |
| Near prime | 601–660 | 9.67% | $39,523 |
| Subprime | 501–600 | 13.44% | $36,265 |
| Deep subprime | 300–500 | 16.11% | $34,186 |

### By loan length

*Chart: Car price $60,000 can afford by loan length. Maximum car price at 15% of gross income as the loan gets longer: longer loans raise the price but cost more interest.*

| Term | Rate | Car price | Total interest |
| --- | --- | --- | --- |
| 36 months | 7.47% | $26,802 | $2,878 |
| 48 months | 7.47% | $34,485 | $4,963 |
| 60 months | 7.14% | $41,945 | $7,250 |
| 72 months | 7.14% | $48,687 | $10,182 |

### Questions

#### How much car can I afford making $60,000 a year?

About $41,945 if the payment is 15% of gross income ($750.00 a month) with 10% down over 60 months at 7.14%. At 10% of income, about $27,963.

#### What car payment can I afford on $60,000?

$500.00 a month at 10% of gross income, $750.00 at 15%, and $1,000.00 at 20%. Insurance, fuel and upkeep come on top.

#### What is the 20/4/10 rule?

Put at least 20% down, finance for no more than four years, and keep total transportation costs within 10% of income. On $60,000, that is $500.00 a month for the loan, insurance, fuel and upkeep together. The car affordability calculator starts with these percentages and lets you enter your running costs.

#### How much car can I afford on $60,000 with bad credit?

At Experian's subprime average of 13.44% for new cars, the same 15% budget buys about $36,265.

### Sources

- [New-car loan, 60 months average: 7.14%](https://fred.stlouisfed.org/series/RIFLPBCIANM60NM). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series RIFLPBCIANM60NM, as of May 1, 2026; retrieved September 27, 2026.
- [New-car loan, 48 months average: 7.47%](https://fred.stlouisfed.org/series/TERMCBAUTO48NS). Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, series TERMCBAUTO48NS, as of May 1, 2026; retrieved September 27, 2026.
- [Average auto loan APR by credit tier](https://www.experian.com/blogs/ask-experian/average-car-loan-interest-rates-by-credit-score/). Experian State of the Automotive Finance Market, Q2 2026; retrieved September 26, 2026.
- [State vehicle sales tax and trade-in rules](https://theloanweek.com/sources/#vehicle-tax). State revenue departments and DMVs; state rate only, local taxes excluded.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Loan Comparisons: Terms, Down Payments and Credit Tiers Side by Side

Source: https://theloanweek.com/compare/

Two options, same amount, current average rates. Each comparison shows the monthly difference and the lifetime interest difference.

- [15-year vs 30-year mortgage](https://theloanweek.com/compare/15-vs-30-year-mortgage/)
- [20-year vs 30-year mortgage](https://theloanweek.com/compare/20-vs-30-year-mortgage/)
- [15-year vs 20-year mortgage](https://theloanweek.com/compare/15-vs-20-year-mortgage/)
- [5% vs 20% down payment](https://theloanweek.com/compare/5-vs-20-percent-down/)
- [10% vs 20% down payment](https://theloanweek.com/compare/10-vs-20-percent-down/)
- [Biweekly vs monthly mortgage payments](https://theloanweek.com/compare/biweekly-vs-monthly-mortgage-payments/)
- [36-month vs 60-month car loan](https://theloanweek.com/compare/36-vs-60-month-car-loan/)
- [48-month vs 60-month car loan](https://theloanweek.com/compare/48-vs-60-month-car-loan/)
- [60-month vs 72-month car loan](https://theloanweek.com/compare/60-vs-72-month-car-loan/)
- [72-month vs 84-month car loan](https://theloanweek.com/compare/72-vs-84-month-car-loan/)
- [60-month vs 84-month car loan](https://theloanweek.com/compare/60-vs-84-month-car-loan/)
- [New vs used car loan rates](https://theloanweek.com/compare/new-vs-used-car-loan/)
- [Prime vs subprime auto loan](https://theloanweek.com/compare/prime-vs-subprime-auto-loan/)
- [24-month vs 36-month personal loan](https://theloanweek.com/compare/24-vs-36-month-personal-loan/)
- [36-month vs 48-month personal loan](https://theloanweek.com/compare/36-vs-48-month-personal-loan/)
- [36-month vs 60-month personal loan](https://theloanweek.com/compare/36-vs-60-month-personal-loan/)
- [48-month vs 60-month personal loan](https://theloanweek.com/compare/48-vs-60-month-personal-loan/)
- [Standard (10-year) vs extended (25-year) student loan repayment](https://theloanweek.com/compare/standard-vs-extended-student-loan/)
- [10-year vs 20-year student loan repayment](https://theloanweek.com/compare/10-vs-20-year-student-loan/)
- [28% vs 36% rule for how much house you can afford](https://theloanweek.com/compare/28-vs-36-percent-rule/)

## 15-year vs 30-year mortgage: $598/Month Apart on $300,000

Source: https://theloanweek.com/compare/15-vs-30-year-mortgage/

15-year: $2,600.15 a month. 30-year: $2,001.96 a month.

Difference in monthly payment

$598.19 a month

- **Difference in total interest**: $252,678

Source: Freddie Mac PMMS averages for the week of September 24, 2026: 30-year 7.03%, 15-year 6.42%. 20-year loans are priced at the 30-year average. An average, not an offer.

### Side by side

| Figure | 15-year | 30-year |
| --- | --- | --- |
| Amount borrowed | $300,000 | $300,000 |
| Rate | 6.42% | 7.03% |
| Monthly payment | $2,600.15 | $2,001.96 |
| Paid off in | 15 years | 30 years |
| Total interest | $168,026 | $420,704 |

*Chart: Balance remaining: 15-year vs 30-year. Loan balance at the end of each year for both options.*

### Questions

#### Which has the lower monthly payment?

30-year, by $598.19 a month ($2,600.15 vs $2,001.96).

#### Which costs less overall?

15-year saves $252,678 in interest ($168,026 vs $420,704).

#### What rates are these figures based on?

Freddie Mac PMMS averages for the week of September 24, 2026: 30-year 7.03%, 15-year 6.42%. 20-year loans are priced at the 30-year average.

#### Can I compare a different amount?

Yes: change the amount above and press Compare. The page recalculates with the same rates.

### Sources

- [30-year fixed mortgage average: 7.03%](https://fred.stlouisfed.org/series/MORTGAGE30US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE30US, as of September 24, 2026; retrieved September 27, 2026.
- [15-year fixed mortgage average: 6.42%](https://fred.stlouisfed.org/series/MORTGAGE15US). Freddie Mac Primary Mortgage Market Survey (PMMS), series MORTGAGE15US, as of September 24, 2026; retrieved September 27, 2026.

Page calculations or content last changed September 27, 2026. Observation and retrieval dates are listed per source above. [How we calculate](https://theloanweek.com/methodology/).

## Loan Payment and Quote Comparison Calculators

Source: https://theloanweek.com/calculator/

Adjust the amount, rate and assumptions, then select Calculate.

- [Mortgage calculator](https://theloanweek.com/calculator/mortgage/)
- [Car loan calculator](https://theloanweek.com/calculator/car-loan/)
- [Car affordability calculator](https://theloanweek.com/calculator/car-affordability/)
- [Personal loan calculator](https://theloanweek.com/calculator/personal-loan/)
- [Student loan calculator](https://theloanweek.com/calculator/student-loan/)
- [House affordability calculator](https://theloanweek.com/calculator/affordability/)
- [Amortization schedule calculator](https://theloanweek.com/calculator/amortization/)
- [Extra payment payoff calculator](https://theloanweek.com/calculator/payoff/)
- [Mortgage refinance calculator](https://theloanweek.com/calculator/mortgage-refinance/)
- [Auto refinance calculator](https://theloanweek.com/calculator/auto-refinance/)
- [Mortgage points calculator](https://theloanweek.com/calculator/mortgage-points/)
- [Personal loan fee calculator](https://theloanweek.com/calculator/personal-loan-fees/)
- [PMI removal calculator](https://theloanweek.com/calculator/pmi-removal/)

## Methodology: How Every Payment Is Calculated

Source: https://theloanweek.com/methodology/

Every figure on this site comes from one of a few formulas applied to a published average. This page lists them, with every assumption.

### Monthly payment

For a loan of P at annual rate r over n months, with monthly rate i = r / 12:

payment = P × i / (1 − (1 + i)^−n)

At 0% the payment is simply P / n. The schedule applies each month's interest (balance × i) and puts the rest of the payment toward principal. We keep full precision throughout and round only for display, so the schedule's totals equal the formula's totals to the cent and the last balance is exactly zero. Published calculators sometimes round the payment first; that can change 30-year total interest by about a dollar.

### Which average each page uses

- **Mortgage and house pages:** Freddie Mac PMMS 30-year average (7.03%, week of September 24, 2026); 15-year average for 15-year rows. Freddie Mac no longer surveys 20-year loans, so 20-year rows use the 30-year average, which slightly overstates their cost.
- **Car loans:** the Fed's commercial-bank average for 48-month new-car loans for 36 and 48 months, and for 60-month loans for 60, 72 and 84 months. No survey covers 72- or 84-month loans; they usually cost more than this.
- **Personal loans:** the Fed's commercial-bank 24-month average for every term. Online lenders often charge more.
- **Student loans:** the 2026-27 federal undergraduate rate; graduate and PLUS rates in tables.

### Taxes, insurance and PMI

- **Property tax:** the state's median effective rate (median taxes paid ÷ median home value, Census ACS via the Tax Foundation) times the price, divided by 12. For states we have not yet sourced, and when no state is chosen, we use the median of the sourced state rates and label it an estimate.
- **Homeowners insurance:** the NAIC average premium for the state where we have a sourced figure. Elsewhere insurance is left out and the page says so; we would rather show a smaller, labelled total than invent a number.
- **PMI:** 0.75% of the loan a year when the down payment is under 20%, the middle of the 0.5–1.5% range published by the Urban Institute and Freddie Mac. It stops in the month the scheduled balance reaches 78% of the original price (automatic termination under the Homeowners Protection Act), or at the midpoint of the term at the latest.
- **Loan-amount pages** don't know the purchase price, so their tax figure assumes the loan is 80% of the price.

### Affordability

**House:** the monthly budget is the lower of 28% of gross monthly income and 36% minus your other debt payments. The maximum price is the one whose full payment (principal, interest, tax, PMI and insurance where sourced) equals that budget; because the payment is linear in the price, it is solved exactly. **Car:** the payment is 10%, 15% or 20% of gross monthly income; the loan it supports is found by inverting the payment formula, and the price adds back a 10% down payment and, if you choose a state, its sales tax.

### Sales tax on cars

State rate times the price, minus the trade-in where the state allows it (Michigan caps the credit at $12,000 in 2026). Tax is assumed to be financed with the car. Local sales taxes are not included. Only states whose rules we verified are offered.

### What these numbers are not

They are not quotes. Averages describe the middle of the market for a typical borrower in the survey; the rate a lender quotes depends on credit, down payment, points, loan type and lender. Payments exclude HOA dues, closing costs, points, dealer fees, registration and origination fees unless stated.

## Data Sources

Source: https://theloanweek.com/sources/

Every number on the site traces to one of these sources. Each stored value carries its source, the date it describes and the date we retrieved it.

### Rates

| Series | Latest | As of | Source |
| --- | --- | --- | --- |
| 30-year fixed mortgage | 7.03% | Sep 24, 2026 | [Freddie Mac Primary Mortgage Market Survey (PMMS), MORTGAGE30US](https://fred.stlouisfed.org/series/MORTGAGE30US) |
| 15-year fixed mortgage | 6.42% | Sep 24, 2026 | [Freddie Mac Primary Mortgage Market Survey (PMMS), MORTGAGE15US](https://fred.stlouisfed.org/series/MORTGAGE15US) |
| New-car loan, 60 months | 7.14% | May 1, 2026 | [Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, RIFLPBCIANM60NM](https://fred.stlouisfed.org/series/RIFLPBCIANM60NM) |
| New-car loan, 48 months | 7.47% | May 1, 2026 | [Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, TERMCBAUTO48NS](https://fred.stlouisfed.org/series/TERMCBAUTO48NS) |
| Personal loan, 24 months | 11.86% | May 1, 2026 | [Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks, TERMCBPER24NS](https://fred.stlouisfed.org/series/TERMCBPER24NS) |
| Federal student loans, undergraduate | 6.52% | Jul 1, 2026 | [U.S. Department of Education, Federal Student Aid](https://studentaid.gov/understand-aid/types/loans/interest-rates) |

Auto loan APR by credit tier: Experian State of the Automotive Finance Market, Q2 2026. Score ranges for Near prime/Subprime/Deep subprime are the standard Experian ranges as requested; search snippets explicitly confirmed only 781-850 (super prime) and 661-780 (prime). Prime/near prime/subprime new rates came from one aggregated search summary (medium confidence).

### Property tax by state

Tax Foundation, effective property tax rate on owner-occupied housing (Census ACS), Property Taxes by State, 2026 edition. States without a sourced figure use 0.78% (median of the 32 state rates we have sourced), labelled as an estimate wherever it appears.

### Homeowners insurance

NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner's Insurance Report (HO-3 average premium), data year 2022, values relayed via StatRanker. Sourced states: FL, LA, NC, OR. Other states: not included in payments.

### Vehicle sales tax by state

State-level rate on dealer purchases. Local taxes excluded. Verified states are listed; the rest are pending verification against their revenue departments and are not offered in calculators.

| State | Rate | Trade-in credit | Source |
| --- | --- | --- | --- |
| Alaska | 0% | full | [source](https://legalclarity.org/how-alaskas-vehicle-sales-tax-works/) |
| Alabama | 2% | full | [source](https://www.revenue.alabama.gov/wp-content/uploads/2022/06/Automotive_Sales_Use_Lease_Tax_Guide.pdf) |
| Arkansas | 6.5% | full | [source](https://www.dfa.arkansas.gov/office/motor-vehicle/recent-changes-in-the-law/) |
| Arizona | 5.6% | full | [source](https://azdor.gov/business/transaction-privilege-tax/motor-vehicle-sales) |
| California | 7.25% | none | [source](https://cdtfa.ca.gov/formspubs/pub34.pdf) |
| Colorado | 2.9% | full | [source](https://tax.colorado.gov/sales-use-tax-topics-motor-vehicle-sales) |
| Connecticut | 6.35% | full | [source](https://portal.ct.gov/dmv/vehicle-services/sales-tax-registrations) |
| Delaware | 5.25% | full | [source](https://legis.delaware.gov/BillDetail?legislationId=142312) |
| Florida | 6% | full | [source](https://floridarevenue.com/Forms_library/current/brochure/gt800030.pdf) |
| Georgia | 7% | full | [source](https://dor.georgia.gov/motor-vehicles/vehicle-registration-license-plates/vehicle-taxes-title-ad-valorem-tax-tavt-and) |
| Hawaii | 4% | none | [source](https://files.hawaii.gov/tax/legal/brochures/GE_brochure-23.pdf) |
| Iowa | 5% | full | [source](https://www.salestaxhandbook.com/iowa/sales-tax-vehicles) |
| Idaho | 6% | full | [source](https://tax.idaho.gov/taxes/sales-use/transportation/motor-vehicles/dealers/sales-price/) |
| Illinois | 6.25% | full | [source](https://abc7chicago.com/post/illinois-laws-trade-in-car-value-used/11465413/) |
| Indiana | 7% | full | [source](https://www.in.gov/dor/files/sib28s.pdf) |
| Kansas | 6.5% | full | [source](https://www.ksrevenue.gov/pub1526.html) |
| Kentucky | 6% | full | [source](https://revenue.ky.gov/Property/Motor-Vehicles/Pages/Motor-Vehicle-Usage-Tax.aspx) |
| Louisiana | 5% | full | [source](https://www.salestaxhandbook.com/louisiana/sales-tax-vehicles) |
| Maryland | 6.5% | full | [source](https://www.law.cornell.edu/regulations/maryland/COMAR-11-15-33-06) |
| Michigan | 6% | partial | [source](https://www.michigan.gov/taxes/-/media/Project/Websites/taxes/Forms/SUW/TY2026/485_11-25.pdf) |
| Montana | 0% | none | [source](https://riviantrackr.com/news/vehicle-trade-in-sales-tax-by-state-2026-guide/) |
| New Hampshire | 0% | none | [source](https://riviantrackr.com/news/vehicle-trade-in-sales-tax-by-state-2026-guide/) |
| Virginia | 4.15% | none | [source](https://www.dmv.virginia.gov/vehicles/taxes-fees/sut) |

### Refresh schedule

Mortgage averages: weekly after Freddie Mac's Thursday release. Fed G.19 bank rates: quarterly surveys, published monthly. Experian tiers: quarterly. Student rates: each July. Every update is logged in the [changelog](https://theloanweek.com/changelog/).

## Rate Changelog: Every Data Update on The Loan Week

Source: https://theloanweek.com/changelog/

Each weekly refresh is logged here with the averages that moved. Pages that depend on a changed average are re-rendered and their "last changed" date updates; pages that don't depend on it are left alone.

1. ## September 27, 2026 Added a bounded conventional borrower-paid PMI calculator with scheduled and actual-balance 80% request milestones, original-schedule 78% termination, the month-after-midpoint rule, actual-premium context and attributed CSV. Unsupported loan types receive guidance without removal dates; source conditions remain visible.
2. ## September 27, 2026 Added a dated $300,000 mortgage payment-history chart, one/four/52-week comparisons, attributed CSV/SVG downloads and an accessible embed. Fixed exact-amount widget handoffs and matched 15-year history by date. Refresh behavior is source-dated; no production scheduler or outreach execution is claimed.
3. ## September 27, 2026 House affordability now compares lower monthly budgets, closing-cost cash ranges and exact-price mortgage handoffs. Car affordability compares the full transport budget with gross-income 20/4/10, keeping net income distinct and identifying running-cost shortfalls. Income overview pages link to the same assumptions.
4. ## September 27, 2026 Payoff and amortization tools now include dated schedules, annual lump sums, monthly-equivalent presets and explicit extra-payment rows. Every calculator has discoverable copy/reset/print controls; dated CSV matches submitted inputs. Biweekly wording now distinguishes monthly equivalents from actual posting.
5. ## September 27, 2026 Added mortgage and auto refinance, two-quote mortgage points and personal-loan fee tools. Compare fees, cash paid and debt remaining at a common horizon; export submitted assumptions and monthly values. Four reviewed routes; private query scenarios; ads remain off.
6. ## September 27, 2026 Rate refresh: 30-year fixed mortgage history/date updated; latest 7.03%; 15-year fixed mortgage history/date updated; latest 6.42%; New-car loan, 60 months history/date updated; latest 7.14%; New-car loan, 48 months history/date updated; latest 7.47%; Personal loan, 24 months history/date updated; latest 11.86%.
  - 30-year fixed mortgage: 7.03% to 7.03% (as of September 24, 2026), 1 cached pages refreshed
  - 15-year fixed mortgage: 6.42% to 6.42% (as of September 24, 2026), 1 cached pages refreshed
  - New-car loan, 60 months: 7.14% to 7.14% (as of May 1, 2026), 1 cached pages refreshed
  - New-car loan, 48 months: 7.47% to 7.47% (as of May 1, 2026), 1 cached pages refreshed
  - Personal loan, 24 months: 11.86% to 11.86% (as of May 1, 2026), 1 cached pages refreshed
7. ## September 26, 2026 Initial data load. Freddie Mac PMMS through the week of September 24, 2026 (30-year 7.03%, 15-year 6.42%); Federal Reserve G.19 commercial-bank rates for May 2026; Experian Q2 2026 credit tiers; 2026-27 federal student loan rates.

## About The Loan Week

Source: https://theloanweek.com/about/

The Loan Week answers one question per page: what would the payment be? Each page states the monthly payment at the latest published average rate, the interest it costs over the life of the loan, and every month of the schedule.

### Who runs it

The Loan Week is published and edited by Pablo Bravo Villanueva. Corrections go to [the contact page](https://theloanweek.com/contact/) and are logged in the [changelog](https://theloanweek.com/changelog/).

### How the numbers are made

- Mortgage rates are Freddie Mac's weekly Primary Mortgage Market Survey averages, read from the St. Louis Fed's FRED service every week.
- Car and personal loan rates are the Federal Reserve's G.19 averages at commercial banks; credit-tier rates come from Experian's quarterly State of the Automotive Finance Market report.
- Student loan rates are the fixed federal rates set each year by the Department of Education.
- Payments use the standard fixed-rate amortization formula; the schedule is computed month by month and matches it to the cent.

Full detail: [methodology](https://theloanweek.com/methodology/) and [sources](https://theloanweek.com/sources/).

### Review and corrections

Pablo Bravo Villanueva maintains the code, source records and publication decisions. This is a publisher-maintained calculator; no independent professional tax or lending review is claimed. Calculation checks compare payment schedules and worked examples. They do not certify a borrower's eligibility.

Automated rate checks follow Freddie Mac's weekly releases and the Federal Reserve's consumer-credit publication calendar. State tax, insurance, credit-tier and student-policy records require a source review when their rules change. Source observation dates, retrieval dates and content revisions are separate. Unavailable insurance and local taxes are labeled at the result; users can enter current quotes.

The calculation and publishing-policy review dated September 27, 2026 corrected schedule consistency, input preservation and automatic indexing. New search cohorts require a distinct task, a complete useful answer, verified inputs, a parent hub and a maintenance/measurement plan. Existing amount cohorts are not described as measured search demand.

Send the page URL, expected result and source supporting a correction through [Contact](https://theloanweek.com/contact/). Avoid including account numbers or personal loan documents. Confirmed corrections are recorded in the changelog.

### What we don't do

We don't make loans, take applications or collect your financial details. Averages are not offers; the rate a lender quotes depends on credit, down payment and the lender.

## Disclaimer: Averages Are Not Offers

Source: https://theloanweek.com/disclaimer/

The rates on this site are averages published by Freddie Mac, the Federal Reserve, Experian and the Department of Education. They are not offers, quotes or predictions of the rate you will get.

- Freddie Mac's survey describes conventional, conforming 30- and 15-year fixed loans for borrowers with about 20% down and excellent credit.
- Federal Reserve G.19 rates are the most common rates at a panel of commercial banks, not across all lenders.
- Experian tier averages describe loans that were made, not loans you'll be approved for.
- Taxes, insurance and PMI are estimates from state averages and a stated PMI assumption.

Every page names the source of each figure and the date the data describes, in its sources section, and the [changelog](https://theloanweek.com/changelog/) records every update. To check a figure, open the source: Freddie Mac's Primary Mortgage Market Survey, the Federal Reserve's G.19 release (also on FRED, the St. Louis Fed's data service), Experian's quarterly auto finance report or studentaid.gov. The [sources page](https://theloanweek.com/sources/) links each one.

Nothing on this site is financial advice. Before borrowing, get written loan estimates from several lenders and compare their APRs and fees.

Use of the site is subject to the [terms of use](https://theloanweek.com/terms/). Questions or corrections: pablobravo44 [at] gmail.com.

# Reference data

The values behind every figure on the site, exactly as the calculations use them.

## Average rates

| Series | Latest | As of | Frequency | Source | Series ID |
| --- | --- | --- | --- | --- | --- |
| 30-year fixed mortgage | 7.03% | 2026-09-24 | weekly | Freddie Mac Primary Mortgage Market Survey (PMMS) | MORTGAGE30US |
| 15-year fixed mortgage | 6.42% | 2026-09-24 | weekly | Freddie Mac Primary Mortgage Market Survey (PMMS) | MORTGAGE15US |
| New-car loan, 60 months | 7.14% | 2026-05-01 | quarterly (survey week in Feb, May, Aug, Nov; FRED labels the series monthly) | Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks | RIFLPBCIANM60NM |
| New-car loan, 48 months | 7.47% | 2026-05-01 | quarterly (survey week in Feb, May, Aug, Nov; FRED labels the series monthly) | Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks | TERMCBAUTO48NS |
| Personal loan, 24 months | 11.86% | 2026-05-01 | quarterly (survey week in Feb, May, Aug, Nov; FRED labels the series monthly) | Federal Reserve G.19 Consumer Credit, terms of credit at commercial banks | TERMCBPER24NS |

### Freddie Mac weekly averages

| Week of | 30-year fixed | 15-year fixed |
| --- | --- | --- |
| 2026-09-24 | 7.03% | 6.42% |
| 2026-09-17 | 6.95% | 6.26% |
| 2026-09-10 | 6.76% | 6.09% |
| 2026-09-03 | 6.71% | 6.04% |
| 2026-08-27 | 6.66% | 5.98% |
| 2026-08-20 | 6.65% | 5.95% |
| 2026-08-13 | 6.67% | 5.96% |
| 2026-08-06 | 6.69% | 6.01% |
| 2026-07-30 | 6.66% | 6.04% |
| 2026-07-23 | 6.58% | 5.96% |
| 2026-07-16 | 6.55% | 5.93% |
| 2026-07-09 | 6.49% | 5.82% |
| 2026-07-02 | 6.43% | 5.79% |
| 2026-06-25 | 6.49% | 5.84% |
| 2026-06-18 | 6.47% | 5.81% |
| 2026-06-11 | 6.52% | 5.84% |
| 2026-06-04 | 6.48% | 5.79% |
| 2026-05-28 | 6.53% | 5.87% |
| 2026-05-21 | 6.51% | 5.85% |
| 2026-05-14 | 6.36% | 5.71% |
| 2026-05-07 | 6.37% | 5.72% |
| 2026-04-30 | 6.30% | 5.64% |
| 2026-04-23 | 6.23% | 5.58% |
| 2026-04-16 | 6.30% | 5.65% |
| 2026-04-09 | 6.37% | 5.74% |
| 2026-04-02 | 6.46% | 5.77% |
| 2026-03-26 | 6.38% | 5.75% |
| 2026-03-19 | 6.22% | 5.54% |
| 2026-03-12 | 6.11% | 5.50% |
| 2026-03-05 | 6.00% | 5.43% |
| 2026-02-26 | 5.98% | 5.44% |
| 2026-02-19 | 6.01% | 5.35% |
| 2026-02-12 | 6.09% | 5.44% |
| 2026-02-05 | 6.11% | 5.50% |
| 2026-01-29 | 6.10% | 5.49% |
| 2026-01-22 | 6.09% | 5.44% |
| 2026-01-15 | 6.06% | 5.38% |
| 2026-01-08 | 6.16% | 5.46% |
| 2025-12-31 | 6.15% | 5.44% |
| 2025-12-24 | 6.18% | 5.50% |
| 2025-12-18 | 6.21% | 5.47% |
| 2025-12-11 | 6.22% | 5.54% |
| 2025-12-04 | 6.19% | 5.44% |
| 2025-11-26 | 6.23% | 5.51% |
| 2025-11-20 | 6.26% | 5.54% |
| 2025-11-13 | 6.24% | 5.49% |
| 2025-11-06 | 6.22% | 5.50% |
| 2025-10-30 | 6.17% | 5.41% |
| 2025-10-23 | 6.19% | 5.44% |
| 2025-10-16 | 6.27% | 5.52% |
| 2025-10-09 | 6.30% | 5.53% |
| 2025-10-02 | 6.34% | 5.55% |
| 2025-09-25 | 6.30% | 5.49% |

### Federal Reserve G.19 averages at commercial banks

| Survey | 60-month new car | 48-month new car | 24-month personal |
| --- | --- | --- | --- |
| 2026-05-01 | 7.14% | 7.47% | 11.86% |
| 2026-02-01 | 7.53% | 7.37% | 11.36% |
| 2025-11-01 | 7.24% | 7.62% | 11.63% |
| 2025-08-01 | 7.64% | 7.51% | 11.14% |
| 2025-05-01 | 7.67% | 7.63% | 11.57% |
| 2025-02-01 | 8.04% | 7.71% | 11.66% |
| 2024-11-01 | 7.82% | 8.12% | 12.32% |
| 2024-08-01 | 8.40% | 8.63% | 12.33% |
| 2024-05-01 | 8.20% | 8.65% | 11.92% |
| 2024-02-01 | 8.22% | 8.57% | 12.49% |
| 2023-11-01 | 8.15% | 8.51% | 12.35% |

## Federal student loans, 2026-27

U.S. Department of Education, Federal Student Aid, loans first disbursed from 2026-07-01. The rate is fixed for the life of the loan and resets each year for new loans first disbursed July 1 through June 30. It equals the high yield of the last 10-year Treasury note auction held before June 1, plus a statutory add-on: undergraduate Direct Sub/Unsub +2.05 (cap 8.25%), graduate/professional Direct Unsub +3.60 (cap 9.50%), Direct PLUS (parent and grad) +4.60 (cap 10.50%). This formula has applied since 2013, and the caps have never been reached. For 2026-27 the base was 4.468% (auction of 2026-05-12). These are base rates before eligible Auto Pay reductions.

| Loan | 2026-27 | 2025-26 | Origination fee |
| --- | --- | --- | --- |
| Undergraduate Direct Subsidized and Unsubsidized | 6.52% | 6.39% | 1.057% |
| Graduate Direct Unsubsidized | 8.07% | 7.94% | 1.057% |
| Direct PLUS | 9.07% | 8.94% | 4.228% |

### Tiered Standard plan terms (loans from July 1, 2026)

| Balance | Years |
| --- | --- |
| $0–$25,000 | 10 |
| $25,000–$50,000 | 15 |
| $50,000–$100,000 | 20 |
| $100,000 and more | 25 |

### Repayment plans

| Plan | Who can use it | Term |
| --- | --- | --- |
| Standard Repayment Plan (original) | Loans made before 2026-07-01, for borrowers who take out no new federal loan on or after 2026-07-01 | Fixed monthly payments over up to 10 years (Direct Consolidation loans may run longer) |
| Graduated Repayment Plan | Legacy borrowers only: loans made before 2026-07-01, with no new loan on or after 2026-07-01 | Payments start low and rise every 2 years, over up to 10 years |
| Extended Repayment Plan | Legacy borrowers only (loans made before 2026-07-01, no new loan on or after that date) with more than $30,000 in federal student loans | Fixed or graduated payments over up to 25 years; requires more than $30,000 in outstanding loans |
| Tiered Standard Repayment Plan (new under OBBBA / P.L. 119-21) | Direct Loans first disbursed on or after 2026-07-01. A borrower who takes any new loan on or after that date gets only Tiered Standard or RAP for ALL their loans, including older ones. It is the default plan when no plan is chosen. | Fixed payments, with the term set by total outstanding Direct Loan principal when entering repayment: under $25,000 = 10 years; $25,000-$49,999 = 15 years; $50,000-$99,999 = 20 years; $100,000 or more = 25 years. Minimum payment is $50/month, or the balance if that is less. |
| Repayment Assistance Plan (RAP) | Most Direct Loan borrowers, from 2026-07-01. Not available to Parent PLUS borrowers who take out any federal loan on or after 2026-07-01. PAYE enrollees are moved to RAP if they don't switch before 2028-07-01. | Income-driven plan. The payment is a bracketed percentage of AGI: $10/month minimum at AGI of $10,000 or less, then 1% for $10,001-$20,000, 2% for $20,001-$30,000, and so on up to 10% above $100,000. That amount is divided by 12, minus $50 per dependent, with a $10 minimum. Unpaid interest is waived and up to $50/month of principal is matched. Any remaining balance is forgiven after 360 qualifying payments (30 years). |
| Legacy IDR (ICR, PAYE, IBR) transition | Borrowers with loans made before 2026-07-01 | ICR and PAYE remain until 2028-07-01. After that IBR is the only old IDR plan: ICR enrollees who don't switch go to IBR, and PAYE enrollees go to RAP. |
| Borrowing limit changes (OBBBA, effective 2026-07-01) | New borrowers not covered by the legacy provision | Grad PLUS is eliminated for new borrowers (legacy: up to 3 more academic years in the current program). Parent PLUS is capped at $20,000/year per child and $65,000 lifetime per child. Graduate Direct Unsubsidized is $20,500/year and $100,000 aggregate. Professional students get $50,000/year and $200,000 aggregate. |

## Auto loan APR by credit score (Experian State of the Automotive Finance Market, Q2 2026)

Average interest rate (APR) on auto loans originated in the quarter, by credit-score tier. All tiers: 6.35% new, 11.19% used.

| Tier | Credit score | New-car APR | Used-car APR |
| --- | --- | --- | --- |
| Super prime | 781–850 | 4.41% | 6.29% |
| Prime | 661–780 | 6.23% | not reported |
| Near prime | 601–660 | 9.67% | not reported |
| Subprime | 501–600 | 13.44% | not reported |
| Deep subprime | 300–500 | 16.11% | 21.62% |

## State figures used in payments

Property tax: Tax Foundation, effective property tax rate on owner-occupied housing (Census ACS), Property Taxes by State, 2026 edition (2024 data). Vehicle sales tax: State revenue departments and DMVs (cross-checked against published compilations); State-level rate on dealer purchases. Local taxes excluded. Homeowners insurance: HO-3 owner-occupied homeowners policy, average annual written premium per NAIC (2022 data).

| State | Property tax (effective rate) | Vehicle sales tax (state) | Trade-in credit | Homeowners insurance |
| --- | --- | --- | --- | --- |
| Alaska (AK) | 0.94% | 0% (none at state level) | full | no sourced figure (left out) |
| Alabama (AL) | 0.37% | 2% (sales tax (automotive reduced rate)) | full | no sourced figure (left out) |
| Arkansas (AR) | 0.53% | 6.5% (sales tax (tiered for used vehicles)) | full | no sourced figure (left out) |
| Arizona (AZ) | 0.48% | 5.6% (transaction privilege tax (TPT, retail classification)) | full | no sourced figure (left out) |
| California (CA) | 0.7% | 7.25% (sales tax (statewide base incl. 1.25% uniform local)) | none | no sourced figure (left out) |
| Colorado (CO) | 0.5% | 2.9% (sales tax) | full | no sourced figure (left out) |
| Connecticut (CT) | 1.54% | 6.35% (sales tax) | full | no sourced figure (left out) |
| District of Columbia (DC) | 0.6% | pending verification (not offered) |  | no sourced figure (left out) |
| Delaware (DE) | 0.54% | 5.25% (motor vehicle document fee (no sales tax)) | full | no sourced figure (left out) |
| Florida (FL) | 0.78% | 6% (sales tax) | full | $2,677 a year |
| Georgia (GA) | 0.79% | 7% (title ad valorem tax (TAVT), one-time, replaces sales tax) | full | no sourced figure (left out) |
| Hawaii (HI) | 0.29% | 4% (general excise tax (GET), levied on the dealer and typically passed on) | none | no sourced figure (left out) |
| Iowa (IA) | 1.33% | 5% (one-time fee for new registration (in lieu of sales tax)) | full | no sourced figure (left out) |
| Idaho (ID) | 0.5% | 6% (sales tax) | full | no sourced figure (left out) |
| Illinois (IL) | 1.88% | 6.25% (sales tax (ROT) for dealer sales) | full | no sourced figure (left out) |
| Indiana (IN) | 0.77% | 7% (sales tax) | full | no sourced figure (left out) |
| Kansas (KS) | 1.21% | 6.5% (sales tax) | full | no sourced figure (left out) |
| Kentucky (KY) | 0.74% | 6% (motor vehicle usage tax (in lieu of sales tax)) | full | no sourced figure (left out) |
| Louisiana (LA) | 0.55% | 5% (sales tax) | full | $2,603 a year |
| Massachusetts (MA) | 1% | pending verification (not offered) |  | no sourced figure (left out) |
| Maryland (MD) | 0.92% | 6.5% (motor vehicle titling (excise) tax) | full | no sourced figure (left out) |
| Maine (ME) | 0.98% | pending verification (not offered) |  | no sourced figure (left out) |
| Michigan (MI) | 1.19% | 6% (sales/use tax) | partial, capped at $12,000 | no sourced figure (left out) |
| Minnesota (MN) | 1% | pending verification (not offered) |  | no sourced figure (left out) |
| Missouri (MO) | 0.89% | pending verification (not offered) |  | no sourced figure (left out) |
| Mississippi (MS) | 0.58% | pending verification (not offered) |  | no sourced figure (left out) |
| Montana (MT) | 0.61% | 0% (none) | none | no sourced figure (left out) |
| North Carolina (NC) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | $1,621 a year |
| North Dakota (ND) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Nebraska (NE) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| New Hampshire (NH) | 1.5% | 0% (none) | none | no sourced figure (left out) |
| New Jersey (NJ) | 1.88% | pending verification (not offered) |  | no sourced figure (left out) |
| New Mexico (NM) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Nevada (NV) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| New York (NY) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Ohio (OH) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Oklahoma (OK) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Oregon (OR) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | $893 a year |
| Pennsylvania (PA) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Rhode Island (RI) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| South Carolina (SC) | 0.49% | pending verification (not offered) |  | no sourced figure (left out) |
| South Dakota (SD) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Tennessee (TN) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Texas (TX) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Utah (UT) | 0.48% | pending verification (not offered) |  | no sourced figure (left out) |
| Virginia (VA) | 0.78% (estimate: median of the 32 state rates we have sourced) | 4.15% (motor vehicle sales and use tax (SUT)) | none | no sourced figure (left out) |
| Vermont (VT) | 1.51% | pending verification (not offered) |  | no sourced figure (left out) |
| Washington (WA) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Wisconsin (WI) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| West Virginia (WV) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |
| Wyoming (WY) | 0.78% (estimate: median of the 32 state rates we have sourced) | pending verification (not offered) |  | no sourced figure (left out) |

## Assumptions

| Topic | Value used | Basis |
| --- | --- | --- |
| PMI | 0.75% of the loan a year below 20% down, until the balance reaches 78% of the price | Typical range 0.5–1.5% (Urban Institute, Freddie Mac); Homeowners Protection Act |
| House affordability | 28% of gross income for housing, 36% for all debts | 28/36 lender guideline |
| Car affordability | 10, 15, 20% of gross income on the payment, 10% down | Common budgeting rules |
| Loan-amount mortgage pages | the loan is 80% of the price (20% down, no PMI) | The page does not know the price |

# URL patterns

- `https://theloanweek.com/mortgage/{amount}/`: monthly payment on a mortgage of {amount} dollars at this week's 30-year average, with schedule; amount $50,000–$500,000 by $5,000; $525,000–$1,000,000 by $25,000; $1,050,000–$2,000,000 by $50,000
- `https://theloanweek.com/mortgage/{amount}/{rate}-percent/`: the same mortgage at a given rate; rate 3 to 9 in steps of 0.25 (e.g. 6.5-percent)
- `https://theloanweek.com/house/{price}/`: payment on a house of {price} dollars with 20% down (5% and 10% down compared); price $60,000–$600,000 by $5,000; $625,000–$1,250,000 by $25,000; $1,300,000–$2,500,000 by $50,000
- `https://theloanweek.com/car-loan/{amount}/`: car loan payment over 60 months at the Fed's average bank rate; amount $5,000–$50,000 by $500; $51,000–$100,000 by $1,000
- `https://theloanweek.com/car-loan/{amount}/{months}-months/`: the same for 36, 48, 60, 72 or 84 months
- `https://theloanweek.com/personal-loan/{amount}/`: personal loan payment over 36 months; amount $1,000–$50,000 by $500
- `https://theloanweek.com/personal-loan/{amount}/{months}-months/`: the same for 12, 24, 36, 48 or 60 months
- `https://theloanweek.com/student-loan/{amount}/`: federal student loan payment on the 10-year standard plan, other plans compared; balance $5,000–$200,000 by $5,000
- `https://theloanweek.com/afford/house/{income}/`: how much house a gross annual income of {income} dollars affords (28% rule, 10% down); income $30,000–$300,000 by $5,000
- `https://theloanweek.com/afford/car/{income}/`: how much car that income affords (15% of income, 60 months); same incomes
- `https://theloanweek.com/rates/{type}/`: latest averages with history; type mortgage, auto, personal or student (https://theloanweek.com/rates/ lists them all)
- `https://theloanweek.com/calculator/{type}/`: calculators (query string inputs); type mortgage, car-loan, car-affordability, personal-loan, student-loan, affordability, amortization, payoff, mortgage-refinance, auto-refinance, mortgage-points, personal-loan-fees or pmi-removal
- `https://theloanweek.com/compare/{slug}/`: side-by-side comparisons; slug 15-vs-30-year-mortgage, 20-vs-30-year-mortgage, 15-vs-20-year-mortgage, 5-vs-20-percent-down, 10-vs-20-percent-down, biweekly-vs-monthly-mortgage-payments, 36-vs-60-month-car-loan, 48-vs-60-month-car-loan, 60-vs-72-month-car-loan, 72-vs-84-month-car-loan, 60-vs-84-month-car-loan, new-vs-used-car-loan, prime-vs-subprime-auto-loan, 24-vs-36-month-personal-loan, 36-vs-48-month-personal-loan, 36-vs-60-month-personal-loan, 48-vs-60-month-personal-loan, standard-vs-extended-student-loan, 10-vs-20-year-student-loan or 28-vs-36-percent-rule

# API

- [API docs](https://theloanweek.com/api/), [OpenAPI](https://theloanweek.com/openapi.json): free, read-only JSON, no key, 60 requests per minute per IP
- `GET https://theloanweek.com/api/v1/payment?type={mortgage|car|personal|student}&amount={dollars}&rate={percent}&term={years or months}`: monthly payment, total interest and total paid; without `rate` it uses the latest average and returns its source and date
- `GET https://theloanweek.com/api/v1/rates`: the latest averages with source, series ID and date