Loan Calculator

Calculate payments for personal, business, and student loans

Loan Amount ($)

Annual Interest Rate (%)

Loan Term

Term Unit

Payment Frequency

Extra Payment (Optional)

Credit Score Range

Financial Profile (Optional)

Monthly Income ($)

Existing Debt Payment ($)

Down Payment ($)

Origination Fee ($)

Closing Costs ($)

Loan Details

Monthly Payment:$512.91

Total Interest:$5,774.80

Total Payment:$5,799.80

Credit Score Impact

Expected Rate Range:6.5% - 10.5%

Approval Likelihood:85%

First Year Payment Schedule

#1$335.83$177.08$24664.17

#2$338.21$174.70$24325.96

#3$340.60$172.31$23985.36

#4$343.02$169.90$23642.34

#5$345.45$167.47$23296.89

#6$347.89$165.02$22949.00

#7$350.36$162.56$22598.64

#8$352.84$160.07$22245.80

#9$355.34$157.57$21890.46

#10$357.86$155.06$21532.61

#11$360.39$152.52$21172.22

#12$362.94$149.97$20809.27

PaymentPrincipalInterestBalance

Quick & Interesting Facts

💳 Personal Loans

Unsecured loans with rates 6-36%

🏢 Business Loans

Term loans for business growth

🎓 Student Loans

Education financing options

📈 Credit Score Impact

750+ score can save $1000s in interest

💰 Bi-weekly Payments

Save 2-5 years and thousands in interest

⚖️ DTI Rule

Keep debt-to-income under 36%

📊 APR vs Interest Rate

APR includes fees for true cost

🔄 Amortization

Early payments are mostly interest

🛡️ Secured vs Unsecured

Collateral = lower rates, higher risk

📈 Shopping Around

Compare 3-5 lenders for best deal