Personal Loan Calculator
Calculate the monthly payment, total interest and effective cost of a personal loan, including any origination fee deducted from your proceeds.
Your numbers
- Total interest
- $3,960
- Origination fee
- $450
- Cash received
- $14,550
- Total cost (interest + fee)
- $4,410
- Principal$15,000
- Interest$3,960
- Fee$450
How the personal loan calculator works
Payment = P·r / (1 − (1 + r)^−n). The origination fee reduces the cash you receive, so your true cost is higher than the stated rate alone.
Example
Using the default inputs (Loan amount: $15,000; Interest rate: 12%; Term (months): 48; Origination fee: 3%), the calculator returns monthly payment of $395. Change any field above to see your own result and charts update instantly.
Good for these goals
Frequently asked questions
How is a personal loan different from a credit card?
Personal loans have fixed rates and terms, which often means lower rates than cards and a firm payoff date.
Is the origination fee included in APR?
Yes, APR includes fees. Use the APR calculator to see the true figure.
Related loans & debt calculators
All Loans & Debt →Credit Card Payoff
Time and interest to clear a balance
Loans & DebtDebt Snowball vs Avalanche
Compare two debt payoff strategies
Loans & DebtDebt-to-Income Ratio
DTI ratio lenders use to approve loans
Loans & DebtLoan Comparison
Compare two loan offers side by side
Loans & DebtAPR
True annual percentage rate including fees
Loans & DebtBalance Transfer
Savings from a 0% intro APR transfer
Learn more
More Loans & Debt guides →Personal Loan vs Credit Card
Compare personal loans and credit cards on interest rates, flexibility, fees and credit impact so you can borrow wisely.
Loans & DebtDebt Consolidation
Debt consolidation combines multiple debts into one payment. Learn the options, the costs and the risks of…
Loans & DebtPayday Loans and Safer Alternatives
Payday loans carry extremely high APRs. Learn how they work and what lower-cost alternatives exist when you need…
Estimates are for educational purposes only and are not financial, tax or legal advice. Results depend on your inputs and simplified assumptions; tax figures reflect 2026 federal rules and may differ from your situation. See our disclaimer. © 2026 FinanzCalc.