Personal Loan Calculator
Estimate fixed monthly payments, interest and repayment with an explicitly financed origination fee.
Calculation assumptions
All amounts are in USD. The fixed nominal annual interest rate is divided by 12, with equal payments at the end of each month; the first payment is one month after borrowing. This input is not an APR. Totals use unrounded payments; lender rounding and daily interest can differ. No extra payments, taxes, insurance, late fees or variable rates are modeled.
The origination fee is calculated from the original loan amount and added to the starting balance. It accrues interest and is repaid within the monthly payments, so it is not added again to their total. This calculator models financed fees only, not fees paid upfront or deducted from proceeds. The defaults illustrate the math and are not lender terms or approval criteria.
Loan references
CFPB: https://www.consumerfinance.gov/ask-cfpb/what-is-a-personal-installment-loan-en-2114/
CFPB: https://www.consumerfinance.gov/ask-cfpb/do-personal-installment-loans-have-fees-en-2120/
How to use this calculator
- Loan amount (USD)
- Nominal annual interest rate (%)
- Number of monthly payments
- Financed origination fee (%)