Monthly Payment on a $150,000 Loan at 8% APR for 84 Months
A $150,000 loan at 8% APR repaid over 84 months has a monthly payment of $2,337.93. Over the full 84 months (7 years) term you'd pay $46,386.30 in total interest, bringing the total cost of the loan to $196,386.30. A 8% APR is typical for borrowers with very good credit (720+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$2,337.93
at 8% APR
Total Interest
$46,386.30
over 84 months
Total Cost
$196,386.30
principal + interest
Loan Summary
$150,000 · 8% APR · 84 months
| Loan amount | $150,000 |
| Interest rate (APR) | 8% |
| Term | 84 months (7 years) |
| Monthly payment | $2,337.93 |
| Total interest paid | $46,386.30 |
| Total cost of loan | $196,386.30 |
Loan Calculator
Monthly Payment
$2,337.93
Total Paid
$196,386.30
Total Interest
$46,386.30
$150,000 at 8% APR · 84-Month Loan FAQs
What is the monthly payment on a $150,000 loan at 8% APR for 84 months?
The monthly payment on a $150,000 loan at 8% APR over 84 months is $2,337.93. 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 8% APR over 84 months, you'll pay $46,386.30 in total interest on a $150,000 loan. Combined with the $150,000 you borrowed, the total amount repaid is $196,386.30.
Is 8% a good APR for a personal loan?
A 8% APR is generally available to borrowers with very good credit (720+). This is among the lower rates lenders offer and reflects strong creditworthiness.
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