Personal Loan Calculator — Monthly Payment & Total Cost
Estimate the payment, interest, origination fee, net proceeds, and all-in borrowing cost for a fixed-rate personal loan.
Quick answer: A personal loan payment depends on amount borrowed, APR, term, and fees. Compare monthly payment with total interest, because a longer term can look cheaper while costing more.
Over the scheduled term, this loan costs $2,804 in interest and the entered origination fee.
The modeled payment uses the contractual interest rate. Compare the lender's disclosed APR and the cash you actually receive before accepting an offer.
See current ratesCompare personal loan rates
- 1
Calculate the baseline result with your current numbers
Estimate payment, interest, origination fee, net proceeds, and all-in cost for a fixed-rate personal loan.
- 2
Pressure-test one alternate scenario before deciding
Assumptions change the answer, especially when rates, taxes, or timing matter.
- 3
Use the linked guide or product page for the next step
Turn the result into a prioritized action instead of treating it as a one-off number.
This is an educational estimate, not tax, legal, investment, or lending advice. Tax rules, rates, and eligibility change and depend on your full situation. Confirm with a qualified professional or the provider before acting.
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Reviewed Aug 23, 2026 · Methodology
Advertising disclosure: SwitchWize may earn a referral fee if you open an account through a link above. This does not affect our rankings. Ranked using the SwitchWize methodology. Learn more
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Everything you need to know.
What credit score do I need for a personal loan?
Personal loan vs credit card for debt consolidation—which is better?
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Why This Matters
A lower advertised payment can hide a longer term or an origination fee. Compare the contractual interest rate, term, fee, net proceeds, and all-in cost using the terms in your lender disclosure.
How to Use It
- 1Enter the loan amount
- 2Enter the contractual interest rate—not an APR that already includes fees
- 3Set the term and origination fee
- 4Compare the result with the lender disclosure and other offers
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