Loan Calculator
Calculate monthly payment and total interest for any loan
Loan Details
Results
Monthly Payment
$193.33
Total Interest
$1,599.68
Total Cost
$11,599.68
Loan Tips
Shorter loan terms mean higher monthly payments but less total interest
Quick Facts
Personal loan rates typically range from 6% to 36% depending on credit score
Note
This calculator uses standard amortization formulas for fixed-rate loans
How this loan calculator works
This general-purpose loan calculator computes monthly payment, total interest, and total cost for any fixed-rate loan including personal loans, student loans, or business loans.
- Monthly payment includes principal and interest
- Total cost = monthly payment × number of months
- Total interest = total cost minus loan amount
Last updated: February 2026
Loan calculator FAQ
What types of loans can I calculate?
This works for any fixed-rate loan: personal loans, student loans, business loans, etc.
How does loan term affect total interest?
Longer terms lower monthly payments but increase total interest paid over the life of the loan.
Are fees included in these calculations?
No. Add origination fees, closing costs, or other charges separately to total cost.
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