Loan Calculator
For auto, personal or student loans — a simple fixed-rate, fixed-term amortizing loan.
- Loan amount–
- Total interest–
- Total repaid–
- Payoff date (from today)–
Payoff schedule (yearly)
| Year | Principal paid | Interest paid | Remaining balance |
|---|
How this is calculated
P = loan amount, r = monthly rate, n = number of monthly payments
This assumes a standard fixed-rate, fully-amortizing loan — the same payment each month, split between interest and principal, with the balance reaching zero at the end of the term. It doesn't include origination fees, which some personal and student loans charge upfront.
Yes, for standard fixed-rate repayment. Income-driven repayment plans, deferment, and variable rates common to student loans will produce different real-world numbers than this fixed-payment estimate.
APR includes certain lender fees spread over the loan term, so it's usually slightly higher than the stated interest rate. Using APR here gives a more realistic monthly payment estimate.
Estimates only — confirm exact terms with your lender. See our Terms of Use.