Debt calculator

Personal Loan Payment Calculator

Estimate the monthly payment and total cost for a personal loan using loan amount, APR, term, and any origination fee.

Key takeaway: The payment is only part of the decision. Fees and term length can make a loan more expensive even when the monthly payment feels manageable.
Monthly payment
$387
Total interest
$1,939
Total repayment
$13,939
Fee-adjusted cost
$14,299

$360 estimated fee

View amortization scheduleSee estimated principal, interest, and balance for each loan payment.Show
MonthPaymentPrincipalInterestBalance
1$387.21$287.21$100.00$11,712.79
2$387.21$289.60$97.61$11,423.19
3$387.21$292.02$95.19$11,131.17
4$387.21$294.45$92.76$10,836.72
5$387.21$296.90$90.31$10,539.82
6$387.21$299.38$87.83$10,240.44
7$387.21$301.87$85.34$9,938.57
8$387.21$304.39$82.82$9,634.18
9$387.21$306.93$80.28$9,327.25
10$387.21$309.48$77.73$9,017.77
11$387.21$312.06$75.15$8,705.71
12$387.21$314.66$72.55$8,391.05
… middle months hidden for readability …
36$387.09$383.89$3.20$0.00

How this estimate works

  • Monthly payment uses the standard amortization formula for installment loans.
  • For 0% APR, payment is principal divided by number of months.
  • Total interest equals total scheduled payments minus principal.
  • Fee-adjusted cost adds the estimated origination fee to total repayment.
These results are estimates for educational purposes only. They are not financial, legal, tax, or credit counseling advice. Actual payoff dates, interest charges, fees, and payment requirements may vary.

Common questions

Does this guarantee a loan rate?

No. It only estimates payments from the APR and term you enter. Actual offers depend on lender underwriting.

Should I include an origination fee?

Yes if the lender charges one. A fee can materially change the total cost of borrowing.

Can I use this for debt consolidation?

Yes. Use it to estimate the proposed loan payment, then compare that against your current debt payoff plan.