$1.3 million loan for 3 years - calculate:

Calculate payments: $1.3 million loan, 3 years term.

Loan calculator:
Loan:   $     interest rate:   %     for:   years and   months

Loan Amount:Payment
Every Month:
Total
Payments:
Total
Interest:
$1300000, 2%, 3 years $38278$1378000$78000
$1300000, 2.9%, 3 years $39253$1413100$113100
$1300000, 3.2%, 3 years $39578$1424800$124800
$1300000, 3.8%, 3 years $40228$1448200$148200
$1300000, 4%, 3 years $40444$1456000$156000

$1.3 million loan for 24 months, 42 months, or 54 months:

Loan Amount:Payment
Every Month:
Total
Payments:
Total
Interest:
$1.3 million, 2.9%, 24 months$57308$1375400$75400
$1.3 million, 3.2%, 42 months$34419$1445600$145600
$1.3 million, 3.2%, 54 months$27541$1487200$187200

Calculations applicable for many banks: Bank of America, Goldman Sachs Group, The Bank of New York Mellon, Morgan Stanley, etc.