Estimate your loan payment
This calculator estimates the fixed monthly payment for a standard amortizing loan. It assumes a constant interest rate and equal monthly payments throughout the term.
What the result includes
The monthly payment covers principal and interest only. Origination fees, insurance, taxes and penalties are not included unless your lender adds them separately.
Example loan scenarios
$10,000Small personal loan example
$25,000Vehicle or larger personal loan
$50,000Longer-term financing example
How the payment is calculated
For a fixed-rate amortizing loan, each monthly payment includes both interest and principal. Early payments usually contain a larger interest share, while later payments pay down more principal.