Monthly Payment on a $150,000 Loan at 6% APR for 24 Months
A $150,000 loan at 6% APR repaid over 24 months has a monthly payment of $6,648.09. Over the full 24 months (2 years) term you'd pay $9,554.20 in total interest, bringing the total cost of the loan to $159,554.20. A 6% APR is typical for borrowers with excellent credit (760+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$6,648.09
at 6% APR
Total Interest
$9,554.20
over 24 months
Total Cost
$159,554.20
principal + interest
Loan Summary
$150,000 · 6% APR · 24 months
| Loan amount | $150,000 |
| Interest rate (APR) | 6% |
| Term | 24 months (2 years) |
| Monthly payment | $6,648.09 |
| Total interest paid | $9,554.20 |
| Total cost of loan | $159,554.20 |
Loan Calculator
Monthly Payment
$6,648.09
Total Paid
$159,554.20
Total Interest
$9,554.20
$150,000 at 6% APR · 24-Month Loan FAQs
What is the monthly payment on a $150,000 loan at 6% APR for 24 months?
The monthly payment on a $150,000 loan at 6% APR over 24 months is $6,648.09. This is calculated with the standard amortization formula and assumes equal fixed payments for the full term.
How much total interest will I pay on this $150,000 loan?
At 6% APR over 24 months, you'll pay $9,554.20 in total interest on a $150,000 loan. Combined with the $150,000 you borrowed, the total amount repaid is $159,554.20.
Is 6% a good APR for a personal loan?
A 6% APR is generally available to borrowers with excellent credit (760+). This is among the lower rates lenders offer and reflects strong creditworthiness.
Same Loan at a Different APR
Explore This Loan Further
Related tools:
Loan Calculator Debt Payoff Calculator Compound Interest Calculator