Loan Calculator
Calculate monthly payments and total cost for personal, auto, or student loans. Compare amortization vs. interest-only scenarios.
Monthly payment $495
Total interest $4,700
Total cost $29,700
Effective APR 7.00%
How it works
Uses the standard amortization formula to calculate fixed monthly payments. The effective APR includes the origination fee, giving you a true cost of borrowing.
Tips for comparing loans
Always compare effective APR rather than just the stated interest rate. An origination fee can significantly increase the real cost of a loan, especially for short terms.