Advanced Personal Loan Calculator
Calculate your monthly payments, total interest, and loan amortization
Loan Details
Additional Options
Estimated Monthly Payment
$315.99
Principal & Interest
$316
Origination Fee
$25
Extra Payment
$0
Total Interest Paid
$1,375.64
Total Loan Cost
$11,375.64
Payoff Date
May 2026
Amortization Schedule
Personal Loan Calculator FAQs
What is an origination fee?
An origination fee is a one-time charge by lenders to process a new loan application. It’s typically 1-6% of the loan amount and may be deducted from your loan proceeds or added to your loan balance.
How do extra payments affect my loan?
Extra payments reduce your principal balance faster, which decreases the total interest you’ll pay and may shorten your loan term. Even small extra payments can make a significant difference over time.
What’s a good interest rate for a personal loan?
As of 2023, good personal loan rates range from 6% to 12% for borrowers with excellent credit. Rates depend on your credit score, income, loan amount, and term length. Rates below 10% are generally considered good.