Personal finance
Estimate a personal loan payment, financed origination costs, total interest, and the effect of paying extra.
Amortization preview
The schedule models a fixed-rate installment loan with no late fees or variable-rate changes.
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $586.49 | $210.42 | $376.07 | $24,873.93 |
| 2 | $586.49 | $207.28 | $379.21 | $24,494.72 |
| 3 | $586.49 | $204.12 | $382.37 | $24,112.36 |
| 4 | $586.49 | $200.94 | $385.55 | $23,726.81 |
| 5 | $586.49 | $197.72 | $388.76 | $23,338.04 |
| 6 | $586.49 | $194.48 | $392.00 | $22,946.04 |
| 7 | $586.49 | $191.22 | $395.27 | $22,550.77 |
| 8 | $586.49 | $187.92 | $398.56 | $22,152.20 |
| 9 | $586.49 | $184.60 | $401.89 | $21,750.32 |
| 10 | $586.49 | $181.25 | $405.24 | $21,345.08 |
| 11 | $586.49 | $177.88 | $408.61 | $20,936.47 |
| 12 | $586.49 | $174.47 | $412.02 | $20,524.45 |
Planning estimate only. Review the lender's Truth in Lending disclosures for the official APR, finance charge, amount financed, and payment schedule.
Understand the offer
Personal loan offers are easiest to compare when you look beyond the monthly payment. This model adds financed origination costs and fees to the balance, then shows total interest and the payoff effect of an extra payment.
Model assumptions
The origination fee is modeled as financed rather than deducted from the cash disbursed. APR, lender fees, late fees, and variable-rate provisions may differ from this estimate.
Planning estimate only. Review the lender's Truth in Lending disclosures for the official APR, finance charge, amount financed, and payment schedule.
Frequently asked questions
This calculator adds the fee to the financed balance. Some lenders deduct it from the cash you receive instead, so compare the result with the offer documents.
No. Enter the APR or annual rate quoted by the lender. The calculator estimates payments from the rate you provide.
No. The model keeps the scheduled payment fixed and applies extra money to principal, which shortens the payoff period.
No. This is a fixed-rate amortization estimate and does not model late fees, missed payments, penalties, or variable rates.
Estimates personal-loan payments, financed fees, total interest, amortization, and extra-payment savings.
Borrowers comparing fixed-rate personal-loan offers and reviewing the cost beyond the advertised payment.
The model adds financed origination and other fees to the requested amount, then applies fixed-rate monthly amortization.
The lender may deduct origination fees from cash received instead of financing them; APR disclosures, late fees, and variable-rate terms can differ.
This calculator adds the fee to the financed balance. Some lenders deduct it from the cash you receive instead, so compare the result with the offer documents.
No. Enter the APR or annual rate quoted by the lender. The calculator estimates payments from the rate you provide.
No. The model keeps the scheduled payment fixed and applies extra money to principal, which shortens the payoff period.
No. This is a fixed-rate amortization estimate and does not model late fees, missed payments, penalties, or variable rates.
Quick jumps
Personal finance
Estimate a personal loan payment, financed origination costs, total interest, and the effect of paying extra.
Amortization preview
The schedule models a fixed-rate installment loan with no late fees or variable-rate changes.
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $586.49 | $210.42 | $376.07 | $24,873.93 |
| 2 | $586.49 | $207.28 | $379.21 | $24,494.72 |
| 3 | $586.49 | $204.12 | $382.37 | $24,112.36 |
| 4 | $586.49 | $200.94 | $385.55 | $23,726.81 |
| 5 | $586.49 | $197.72 | $388.76 | $23,338.04 |
| 6 | $586.49 | $194.48 | $392.00 | $22,946.04 |
| 7 | $586.49 | $191.22 | $395.27 | $22,550.77 |
| 8 | $586.49 | $187.92 | $398.56 | $22,152.20 |
| 9 | $586.49 | $184.60 | $401.89 | $21,750.32 |
| 10 | $586.49 | $181.25 | $405.24 | $21,345.08 |
| 11 | $586.49 | $177.88 | $408.61 | $20,936.47 |
| 12 | $586.49 | $174.47 | $412.02 | $20,524.45 |
Planning estimate only. Review the lender's Truth in Lending disclosures for the official APR, finance charge, amount financed, and payment schedule.
Understand the offer
Personal loan offers are easiest to compare when you look beyond the monthly payment. This model adds financed origination costs and fees to the balance, then shows total interest and the payoff effect of an extra payment.
Model assumptions
The origination fee is modeled as financed rather than deducted from the cash disbursed. APR, lender fees, late fees, and variable-rate provisions may differ from this estimate.
Planning estimate only. Review the lender's Truth in Lending disclosures for the official APR, finance charge, amount financed, and payment schedule.
Frequently asked questions
This calculator adds the fee to the financed balance. Some lenders deduct it from the cash you receive instead, so compare the result with the offer documents.
No. Enter the APR or annual rate quoted by the lender. The calculator estimates payments from the rate you provide.
No. The model keeps the scheduled payment fixed and applies extra money to principal, which shortens the payoff period.
No. This is a fixed-rate amortization estimate and does not model late fees, missed payments, penalties, or variable rates.
Estimates personal-loan payments, financed fees, total interest, amortization, and extra-payment savings.
Borrowers comparing fixed-rate personal-loan offers and reviewing the cost beyond the advertised payment.
The model adds financed origination and other fees to the requested amount, then applies fixed-rate monthly amortization.
The lender may deduct origination fees from cash received instead of financing them; APR disclosures, late fees, and variable-rate terms can differ.
This calculator adds the fee to the financed balance. Some lenders deduct it from the cash you receive instead, so compare the result with the offer documents.
No. Enter the APR or annual rate quoted by the lender. The calculator estimates payments from the rate you provide.
No. The model keeps the scheduled payment fixed and applies extra money to principal, which shortens the payoff period.
No. This is a fixed-rate amortization estimate and does not model late fees, missed payments, penalties, or variable rates.
Quick jumps