Loan calculator
A loan calculator for any fixed-rate loan. Give the amount, the rate and the years, and see the payment, the total interest and the month of your last payment.
How this loan calculator figures it
Payment = amount × r ÷ (1 − (1 + r)^−months), where r is the yearly rate divided by 12. Total interest is the payment times the months, minus the amount, and the payoff date counts from a first payment in November 2026. The default rate is 11.9%, the Fed’s bank average for a 24-month personal loan. It comes from the Fed’s G.19 release.
This loan calculator shows that $10,000 at 11.9% for three years costs $332 a month. A rate above 11.9% raises both the payment and the interest on the same amount and term.
Put your total card balance in Loan amount, then your rate and term. Then call, and a specialist goes through your result and every loan offer with you for free.
Worked examples
- Amy borrows $10,000 at 11.9% for 3 years. She pays $332 a month and $1,940 in interest, $11,940 in all. Her last payment is in October 2029.
- $25,000 at 8.99% for 5 years costs $519 a month and $6,130 in interest. You pay $31,130 in all, with the last payment in October 2031.
- $4,000 at 24.99% for 2 years costs $213 a month and $1,123 in interest. You pay $5,123 in all, with the last payment in October 2028.
About this calculator
What does the loan calculator show?
You get your monthly payment, your total interest and the date of your last payment.
Where does the starting rate come from?
The starting rate is 11.9%. It is the average 24-month personal loan rate at commercial banks for August 2026, from the Federal Reserve G.19.
What would Amy pay on $10,000 at 11.9% for three years?
Her payment is $332 a month. She pays $1,940 in interest. Her last payment lands in October 2029.
Can I change the numbers?
Yes. Enter your own loan amount, rate and term to see your payment. Then call, and we compare the lenders that lend your amount with your cards.
Get one lower payment today
You now know what your loan costs each month and in total. On $10,000 at 11.9% for three years, the interest alone is $1,940, and a higher rate raises both your payment and that interest. Call now and a specialist compares every offer with your cards and works with you toward one lower payment today.