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Personal Loan Calculator

See the monthly payment, the cash you receive after an origination fee, and the APR that includes that fee.

The amount you want to borrow before the origination fee.

Enter 10 for 10%. This is the note rate, before the fee.

1 to 360 months, or 1 to 30 years.

Use 0 if the lender does not charge a fee.

Unchecked, you receive the full loan amount and the fee is added to what you repay.

The schedule starts in this month.

Monthly payment

$322.67

You receive $9,500.00. The note rate is 10.00%, and the fee makes the effective APR 13.56%.

Amount financed
$10,000.00
Origination fee
$500.00
Amount you receive
$9,500.00
Total interest
$1,616.19
Total cost
$11,616.19
Effective APR
13.56%
Payoff date
September 2029 · 36 months

The fee is taken out of the cash you receive. You still repay the full loan amount plus interest.

Set the new payment next to a written debt plan.

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Amortization schedule

Schedule view

The payment is principal and interest on the amount financed. The last payment may be smaller.

Swipe sideways to see every column. Amounts are rounded to the cent.

Monthly amortization schedule, rounded to the cent for display
MonthDatePaymentPrincipalInterestBalance
Year 1
1Oct 2026$322.67$239.34$83.33$9,760.66
2Nov 2026$322.67$241.33$81.34$9,519.33
3Dec 2026$322.67$243.34$79.33$9,275.98
4Jan 2027$322.67$245.37$77.30$9,030.61
5Feb 2027$322.67$247.42$75.26$8,783.20
6Mar 2027$322.67$249.48$73.19$8,533.72
7Apr 2027$322.67$251.56$71.11$8,282.16
8May 2027$322.67$253.65$69.02$8,028.51
9Jun 2027$322.67$255.77$66.90$7,772.74
10Jul 2027$322.67$257.90$64.77$7,514.84
11Aug 2027$322.67$260.05$62.62$7,254.79
12Sep 2027$322.67$262.22$60.46$6,992.58
Year 2
13Oct 2027$322.67$264.40$58.27$6,728.17
14Nov 2027$322.67$266.60$56.07$6,461.57
15Dec 2027$322.67$268.83$53.85$6,192.75
16Jan 2028$322.67$271.07$51.61$5,921.68
17Feb 2028$322.67$273.32$49.35$5,648.36
18Mar 2028$322.67$275.60$47.07$5,372.75
19Apr 2028$322.67$277.90$44.77$5,094.85
20May 2028$322.67$280.21$42.46$4,814.64
21Jun 2028$322.67$282.55$40.12$4,532.09
22Jul 2028$322.67$284.90$37.77$4,247.19
23Aug 2028$322.67$287.28$35.39$3,959.91
24Sep 2028$322.67$289.67$33.00$3,670.23
Year 3
25Oct 2028$322.67$292.09$30.59$3,378.15
26Nov 2028$322.67$294.52$28.15$3,083.63
27Dec 2028$322.67$296.97$25.70$2,786.65
28Jan 2029$322.67$299.45$23.22$2,487.20
29Feb 2029$322.67$301.95$20.73$2,185.26
30Mar 2029$322.67$304.46$18.21$1,880.80
31Apr 2029$322.67$307.00$15.67$1,573.80
32May 2029$322.67$309.56$13.11$1,264.24
33Jun 2029$322.67$312.14$10.54$952.10
34Jul 2029$322.67$314.74$7.93$637.37
35Aug 2029$322.67$317.36$5.31$320.01
36Sep 2029$322.67$320.01$2.67$0.00

How it's calculated

The monthly payment uses the standard fixed-rate formula. If the origination fee is deducted, you borrow the loan amount and receive that amount minus the fee. If it is not deducted, you receive the loan amount and the fee is added to the balance you repay. The schedule follows the amount financed. Figures stay at full precision until they are shown to the cent.

Payment = P × r ÷ (1 − (1 + r)−n)
At 0% APR, payment = P ÷ n
P = amount financed, r = APR ÷ 12, n = months

Effective APR

The effective APR is the rate that makes the monthly payment equal the cash you actually receive. A fee makes it higher than the note rate, because you either receive less cash or repay a larger balance. With no fee, it matches the APR you entered.

Reviewed by WH2L Digital. Last reviewed October 31, 2026.

Questions

How does an origination fee change the amount I receive?

If the fee is deducted, you borrow the loan amount and receive that amount minus the fee. If it is not deducted, you receive the full loan amount and the fee is added to the balance you repay.

What is the effective APR?

The effective APR is the rate that makes the monthly payment equal the cash you actually receive. A fee pushes it above the note rate. With no fee, it matches the APR you entered.

What is included in the total cost?

Total cost is every scheduled payment: the amount financed plus interest. When the fee is deducted, you repay the full loan amount even though you received less. When it is added to the loan, the fee is part of the amount financed.

Debt PayoffAvailableDebt-free date, total interest, payoff order, and a month-by-month plan.Credit Card PayoffAvailableMonths to payoff, interest, and a comparison with a typical minimum payment.RefinanceAvailableNew payment, monthly savings, break-even month, and interest compared with the current loan.

Educational estimates only, not financial advice.