Calculate monthly payments for personal loans, auto loans, home equity loans, and more with our comprehensive loan calculator. Get detailed payment schedules and see how much interest you'll pay over the life of your loan.
Personal, auto, home equity, student loans, and more
See exactly how much goes to principal vs interest each month
Calculate total interest and compare loan options
*Rates vary by credit score and lender
Our loan calculator uses standard loan formulas to provide highly accurate estimates. The calculations assume fixed interest rates and regular monthly payments. Actual payments may vary slightly based on lender-specific terms and fees.
Several factors influence your loan rate: credit score (higher is better), income and debt-to-income ratio, loan amount and term, loan type (secured vs unsecured), and current market rates. Personal loans typically have higher rates than secured loans like auto loans.
Shorter terms mean higher monthly payments but less total interest paid. Longer terms offer lower monthly payments but cost more in total interest. Consider your budget and total cost when deciding.
The interest rate is the cost of borrowing the principal. APR (Annual Percentage Rate) includes the interest rate plus additional fees and costs, giving you the true cost of the loan. Always compare APRs when shopping for loans.
Most loans allow early payoff, but some have prepayment penalties. Check your loan terms before making extra payments. Paying extra toward principal can save significant interest over time.