Loan payment calculator
Works for any fixed-rate loan — personal loans, student loans, or anything with a set rate and term. Enter three numbers and see the real cost.
Your estimate
Assumes a fixed rate and equal monthly payments (standard amortization). Fees not included.
How this is calculated
This tool uses the standard amortization formula: M = P × r ÷ (1 − (1 + r)−n), where P is the loan amount, r is the monthly rate (APR ÷ 12), and n is the number of monthly payments. It's the same math nearly all fixed-rate installment loans use.
What to watch for in real loans
Origination fees (often 1–10% on personal loans) can be deducted from your payout or added to your balance. Some loans charge prepayment penalties. And the APR you're quoted depends heavily on your credit score — advertised rates usually go to the strongest applicants.