For long mortgages, use the dedicated mortgage calculator.
Enter loan amount, rate and term
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Loan Payment Calculator — 2026
Free US loan calculator. Calculate monthly payment, total interest, and full loan cost.
Personal Loan Guide 2026
This calculator uses the standard amortization method — equal monthly payments throughout the loan term. Early payments contain more interest; later payments more principal.
Typical APRs 2026
Excellent credit (760+): 6%–12%
Good credit (670–759): 12%–20%
Fair credit (580–669): 20%–30%
💡 Useful Tips
Compare APR (not just interest rate) — APR includes all fees.
Shorter loan term = less total interest despite higher monthly payment.
Check prepayment penalty before signing — some lenders charge for early payoff.