Calcs4All

APR 23 · 2026

Personal loan calculator

Estimate personal-loan monthly payment, total interest, fee drag, and a concise amortization summary.

What this calculator covers

Use this personal loan calculator to estimate the payment on a fixed-rate personal loan and see how much an origination fee reduces the net cash actually received.

The amortization summary highlights the principal-versus-interest split early and late in the schedule so the payment structure is easier to inspect before comparing offers.

Loan products vary widely on fees, autopay discounts, and payoff rules, so treat the result as a planning baseline and confirm the final numbers with the lender disclosure.

Frequently asked questions

How does an origination fee affect how much money I actually receive?
An origination fee is typically deducted from the loan proceeds before disbursement. If you borrow $10,000 with a 5% origination fee, you receive $9,500 but still owe payments on the full $10,000. The calculator shows both the gross loan amount and the net funds disbursed so this difference stays visible.
What is the difference between APR and interest rate on a personal loan?
The interest rate determines the monthly interest portion of each payment. APR is a broader cost measure that includes fees such as origination charges expressed as an annual percentage. Lenders are generally required to disclose APR so borrowers can compare offers on a more complete basis; check the loan disclosure for the specific figures.
Why does more of my early payment go toward interest?
On an amortizing loan, each payment covers accrued interest first and then the remaining amount reduces the principal balance. Early in the term the balance is highest, so the interest portion is largest. As the balance falls, each payment carries less interest and more principal reduction.
Can I pay off a personal loan early?
Many personal loans allow early payoff, but some lenders charge a prepayment penalty. Check your loan agreement for any early-payoff fees before making extra payments, since a penalty could offset the interest savings.

Tool

Run the calculation

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RESULT · MONTHLY PAYMENT

â„–088

Primary result

$468.73

$18,000.00 at 11.4% for 48 months comes to about $468.73 per month, with $4,498.66 in interest and $900.00 of origination fee.

Monthly payment
$468.73
Origination fee
$900.00
Net funds disbursed
$17,100.00
Total interest
$4,498.66
First payment mix
$297.73 principal / $171.00 interest
Final payment mix
$463.94 principal / $4.41 interest

Step-by-step solution

  1. 1.Apply any origination fee to the gross loan amount, which leaves about $17,100.00 in net cash from a $18,000.00 loan.
  2. 2.Use the fixed-rate amortization formula to estimate a scheduled payment of $468.73 across 48 months.
  3. 3.Simulate the amortization schedule to summarize first-payment mix, final-payment mix, and total borrowing cost of $5,398.66.

Walkthrough

Visual walkthrough

A personal loan combines an upfront disbursement, a fixed monthly payment, and a shifting principal-versus-interest mix over time.

  1. 01

    Start with gross loan versus net cash

    Origination fees often reduce what lands in hand even when payments are still based on the full loan amount.

    $17,100.00 net disbursed

  2. 02

    Set the scheduled payment

    PMT = P × r / (1 - (1 + r)^-n)

    The APR and term months convert the gross loan into a fixed amortizing payment.

    $468.73 per month

  3. 03

    Read the amortization shift

    Early payments carry more interest, while later payments lean much more toward principal as the balance shrinks.

    $171.00 early interest / $4.41 late interest