US Personal Loan & APR Amortization Calculator
Calculate monthly payments, true APR with lender origination fees, net disbursed cash, and early payoff interest savings for consumer loans.
Calculate monthly payments, true APR with lender origination fees, net disbursed cash, and early payoff interest savings for consumer loans.
Calculate monthly payments, true APR with lender origination fees, net disbursed cash, and early payoff interest savings for consumer loans. Calculate exact, penny-accurate projections compliant with 2026 IRS • St. Louis FED (FRED) standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Loan principal, nominal interest rate, term, and lender fees
Fee deducted: $600
Optional accelerated repayment
Adding $50/month saves you $286.85 in total interest and eliminates 2 monthly payments early!
Fixed monthly repayment for 36 months
True APR
13.34%
Net Cash Disbursed
$19,400
Total Interest
$3,401.76
Total Loan Cost
$4,001.76
Monthly Payment (M) = P × [ r(1 + r)^n ] ÷ [ (1 + r)^n - 1 ]Where P is the gross loan principal, r is the monthly interest rate (APR ÷ 12), and n is total loan repayment periods in months. Net Disbursed = P × (1 - Origination Fee Rate).
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, underwriting, or legal advice. Actual interest rates, closing costs, lender fees, and statutory criteria may vary. Calconova explicitly disclaims all liability for any financial decisions or actions taken based upon these calculations. Users are strongly advised to consult a certified financial planner, CPA, or licensed lending officer prior to executing financial commitments.
The interest rate is the percentage charged annually on your remaining loan balance. The APR (Annual Percentage Rate) includes both the interest rate AND upfront fees (such as lender origination fees). APR reflects the true annual cost of borrowing.
An origination fee (typically 1% to 8%) covers the lender's loan processing and underwriting. Most online lenders (SoFi, Upgrade, LendingClub) deduct this fee directly from your approved loan before depositing proceeds into your bank account. For a $20,000 loan with a 3% fee, you receive $19,400 but repay $20,000.
Virtually all top-tier consumer personal lenders in the US now offer 0% prepayment penalties. Paying even an extra $50 to $100 per month directly accelerates principal reduction, cutting interest expense and shaving months off your term.
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