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Free loan calculators

See what a loan really costs before you sign.

Three free calculators: your monthly payment and true APR with fees, the real cost of a payday loan rollover, and a side-by-side comparison of two loans.

Payment calculatorPayday cost calculator
Updated October 17, 20263 calculatorsFact-checked against primary sources
Woman using a calculator at her desk to work out a monthly loan payment
Try it: $3,000 at 10.90% + 4% fee15.03% APRThe fee raises the true cost

Calculator 1

Monthly payment and true APR

Most personal loans charge an origination fee. This calculator shows how that fee changes the real APR.3

Monthly payment
–
True APR
–
Total cost
–
  • Principal
  • Interest
  • Fee

Calculator 2

What a payday loan really costs

A typical payday loan charges about $15 per $100 for two weeks.4 See what happens when it is rolled over.

Fees paid
–
Still owed
–
APR
–

Calculator 3

Compare two loans side by side

A lower monthly payment does not always mean a cheaper loan. Compare the total interest.

Loan A

Loan B

Loan A

–per month–

Loan B

–per month–

Read the numbers

How to use the results

  1. 1

    Compare APR, not the interest rate

    The APR adds most fees to the interest rate, so it shows the real yearly cost.2

  2. 2

    Watch the origination fee

    Fees are often taken out of the loan, so you receive less than you borrow.3

  3. 3

    Shorter term, less interest

    A longer term lowers your monthly payment but usually raises the total interest. Use the compare tool to see the trade-off.

  4. 4

    Check against the averages

    Banks averaged 11.90% APR on 24-month personal loans in August 2026, and card accounts paying interest averaged 22.36%.1 Federal credit union PALs are capped at 28%.5

i

These calculators give estimates for illustration only. They assume fixed rates and equal monthly payments. Your lender’s Truth in Lending disclosure shows your actual APR, finance charge and payment schedule.

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Sources

Sources for this page

Official and primary sources only. Last reviewed October 17, 2026.

  1. 1
    Federal Reserve BoardOfficial statistics
    Consumer Credit G.19
    federalreserve.govReleased Oct 7, 2026 · August 2026 data
  2. 2
    Consumer Financial Protection BureauRegulator guidance
    What is the difference between a loan's interest rate and its APR?
    consumerfinance.govInterest rate vs. APR
  3. 3
    Consumer Financial Protection BureauRegulator guidance
    Do personal installment loans have fees?
    consumerfinance.govOrigination, late and other fees
  4. 4
    Consumer Reports AdvocacyCFPB findings
    Summary of CFPB payday loan research
    consumerreports.orgFees, APR and rollover data
  5. 5
    America's Credit UnionsNCUA rules
    Comparing PALs I and PALs II Loans
    americascreditunions.orgLoan limits, terms and 28% cap