Loan Calculator
Calculate your monthly payment for an auto, personal or student loan — and see how extra payments cut your payoff time.
Loan Details
| Year | Principal Paid | Interest Paid | Total Paid | Remaining Balance |
|---|
How This Loan Calculator Works
Enter your loan amount, interest rate (APR) and term to see your fixed monthly payment, based on the same amortization formula lenders use for auto loans, personal loans and student loans. Turn on the extra payment option to see exactly how much faster you'd pay off the loan — and how much interest you'd save — by paying a little more each month.
Frequently Asked Questions
Yes. Extra payments go straight toward your principal balance, which reduces the amount future interest is calculated on — shortening your loan term and lowering total interest paid.
Rates vary widely based on your credit score, loan term and lender, but auto loans commonly range from about 5-12% APR and personal loans from about 7-20% APR. Check your actual offer for the exact rate.