$12,000 at 10.5% for 4 years
- Total paid
- $14,747.55
- Total interest
- $2,747.55
- Origination fee
- $240.00
- Cash received after fee
- $11,760.00
APR, fees, underwriting, collateral, and repayment terms can change the real loan cost.
Personal Loan Calculator
Use this free personal loan calculator to estimate monthly payment, total paid, total interest, origination fee, and cash received after a fee.
Formula steps Estimate limits shown Examples included Private history
Formula steps
- Use the fixed-payment loan formula for monthly payment.
- Multiply the loan amount by the origination fee percent.
- Subtract the fee from principal to estimate cash received when the fee is taken upfront.
- Add interest and fee context when comparing offers.
How to use the personal loan calculator
- Enter the requested dollar amounts, rates, terms, tax settings, or contribution details.
- Use rates as percentages, such as 6.5 for 6.5%, and check whether a field asks for a monthly or annual amount.
- Press the calculate button to see the answer, supporting metrics, and formula steps.
- Use the result as a planning estimate only, then copy it if the assumptions look right.
Common uses
Estimate a personal loan monthly payment.
Compare loan terms and interest rates.
Include a simple origination fee in the estimate.
Check total interest before comparing offers.
Examples
Monthly payment and interest
Payment estimate
Short-term estimate
Frequently asked questions
Plain-language answers about when to use the estimate, what your numbers mean, what is left out, and how privacy works.
When should I use the Personal Loan Calculator?
Use it for early planning and side-by-side comparisons, especially for tasks like these: Estimate a personal loan monthly payment. Compare loan terms and interest rates. Treat the answer as a planning estimate, not a final quote.
What is the Personal Loan Calculator doing with my numbers?
In plain language: The calculator uses the fixed-payment loan formula, then estimates any origination fee from the loan amount and shows cash received after the fee. If the result seems too high or too low, first check whether each field expects a monthly amount, annual amount, dollar value, or percent.
What does this estimate leave out?
This does not include lender approval, official APR disclosures, variable rates, late fees, credit insurance, prepayment rules, or credit-score impact. Real finance decisions can also depend on fees, timing, local rules, credit details, and provider-specific terms.
Does the site save my finance inputs?
No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.