What is an origination fee?

An origination fee is an upfront lender charge. It may be deducted from loan proceeds or included in the cost, depending on the offer.

Is APR the same as interest rate?

Not always. APR can include certain fees and is usually the better comparison measure across loan offers.

Why can my lender payment differ?

Lenders can use exact dates, rounding, fees, insurance, approval rules, and state disclosures that this estimate does not model.

Does this calculator approve a loan?

No. It is a planning estimate and does not check eligibility, credit, income, or lender terms.

Personal Loan Calculator

Estimate a fixed-rate personal loan payment, total interest, total repayment, and the effect of origination fees or monthly add-ons.

Estimate a fixed-rate personal loan payment and see how origination fees or monthly add-ons change the total cost.

Loan amount ($)

APR (%/year)

Loan term (months)

Origination fee (% of loan)

Fixed upfront fee ($)

Monthly add-ons ($)

What this personal loan calculator estimates

English personal loan search intent usually centers on monthly payment, APR, term, and how fees affect the total cost. This calculator keeps a fixed-rate installment model and adds origination-fee fields so the result is closer to what borrowers compare in lender offers.

Monthly payment based on loan amount, APR, and term.
Total interest over the repayment period.
Origination fee and optional monthly add-ons.
Estimated cash received if an upfront fee is deducted from proceeds.

Estimate only

This is not a credit offer or official APR disclosure. Lender fees, payment dates, approval rules, and state requirements can change the real cost.

Payment and fee formulas

M = P \cdot \frac{i ( 1 + i ) ^{n}}{( 1 + i ) ^{n} - 1}

M is monthly payment, P is loan amount, i is monthly APR, and n is months.

F = P \cdot f + F_{f i x e d}

F is origination cost from the percentage fee plus any fixed upfront fee.

T o t a l = M \cdot n + F + A \cdot n

A is optional monthly add-ons. Review lender disclosures for the official finance-charge treatment.

What to compare before borrowing

Item	Why it matters
APR	A broader annual cost measure than a simple interest rate when fees apply.
Origination fee	May be deducted from the amount you receive or added to the cost.
Term	Longer terms can lower the payment while raising total interest.
Total repayment	Shows the full dollars paid under the scenario.

Frequently Asked Questions

Sources and References

Calculations are based on the listed reference sources. Links open in a new tab.

Updated: June 2, 2026

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