Loan payment & cost calculator
Explore the payment and total cost of a fixed-rate loan, including an upfront fee.
Runs on this device. This tool does not send or save your entries. Use hypothetical amounts; no account or contact details are needed.
The starting values are an example, not current loan terms.
Choose your inputs, then select calculate loan.
How to read this estimate
The monthly payment uses principal, a monthly rate equal to the annual nominal rate divided by 12, and equal end-of-month payments. The upfront fee is paid separately at the start; it is not financed or deducted from the principal.
Total loan payments are principal plus interest. Total outlay adds the entered upfront fee. This tool does not calculate APR: APR is a broader annual borrowing-cost measure that can include applicable fees. Compare the lender’s disclosed APR as well as payment, term, and total cost. Read the CFPB explanation of rate and APR.
Assumes a constant rate and every payment made on time. Excludes other charges, taxes, insurance, prepayment, variable rates, and lender-specific daily-interest or rounding rules. Amounts are rounded for display; an actual final payment can differ. Educational estimate, not a credit offer.