Does this calculator account for origination fees?

No. Add any origination fee to the principal before calculating. For example, a $10,000 loan with a 3% origination fee becomes $10,300.

Money & Finance · Free tool

Simple Loan Calculator

Simple loan calculator with only three inputs: amount, rate, and term. Clean numbers, no jargon, instant monthly payment.

Updated April 2026

Loan amount ($)Annual interest rate (%)Term (years)

Monthly payment

$304.22

Total paid

$10,951.90

Total interest

$951.90

What it does

A simple loan calculator with three inputs and three outputs. Enter the amount borrowed, the APR, and the term in years. See the monthly payment, the total amount paid, and the total interest. No ads in the middle of the tool, no jargon, no tricks.

Useful for any fixed-rate installment loan where you just want a fast answer — loaning money between family, estimating a personal loan, or doing a quick sanity check on a lender’s quote.

Example input & output

Input

Amount: $10,000
APR: 6%
Term: 3 years

Output

Monthly: $304.22
Total paid: $10,952
Total interest: $952

A 6% personal loan is roughly 3× cheaper than a 22% credit card over the same period.

How to use it

Enter the loan amount.
Enter the APR.
Enter the term in years.
Read monthly, total paid, and total interest.

When to use this tool

Any fixed-rate installment loan.
Teaching someone how loan math works.

When not to use it

Loans with fees or points (add them to principal first).
Variable-rate or balloon-payment loans.

Common use cases

Fast back-of-the-envelope loan math.
Family loan agreements where you need a payment schedule.
Double-checking a lender’s quoted monthly payment.

Frequently asked questions

Does this calculator account for origination fees?: No. Add any origination fee to the principal before calculating. For example, a $10,000 loan with a 3% origination fee becomes $10,300.