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Personal Loan Calculator
Payment, total interest, and payoff timeline in one view.
Read the personal loan guideEstimated Monthly Payment
$0
Based on the financed balance.
Total Interest
$0
Total Cost
$0
Origination Fee
$0
Payoff Time
—
Scenario B Payment
—
Quick facts
- Shorter terms lower total interest but raise the payment.
- Origination fees increase the total cost of borrowing.
- Extra payments reduce interest and payoff time.
How this calculator works
The personal loan calculator estimates your monthly payment, total interest, and payoff time using loan amount, APR, term, and any origination fee.
Key assumptions
- Interest compounds monthly using the stated APR.
- If the origination fee is financed, it is added to the balance.
- Extra payments apply directly to principal.
Example
Example: $15,000 loan, 10.5% APR, 48 months, 3% fee. The calculator shows the payment, total interest, and how a $50 extra payment speeds payoff.
FAQs
- Should I finance the origination fee? Financing lowers upfront cost but increases total interest.
- What if my rate is 0%? The payment is principal divided by term.
- Does it include late fees? No—only scheduled interest and stated fees.
Sources: CFPB • Federal Reserve • CFPB (APR)
Last updated: 2026-02-04