💰 Free Calculator
Know the true cost of borrowing — before you sign
Calculate your real monthly payment, total interest cost, and see exactly what extra payments save you. No lender pitches. No sign-up.
Personal loan rates typically range from 6–36% depending on your credit score. Rates above 20% are expensive — consider whether debt consolidation or a balance transfer might offer a lower rate.
Monthly Payment
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Total Interest Paid
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Total Amount Paid
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Payoff Date
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estimated payoff
💡 Extra Payment Impact
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Interest Saved
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Months Saved
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Standard Payoff
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With Extra Payment
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Why your early payments barely touch the balance
Year 1
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of payment goes to interest
Final Year
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goes to interest
This is how amortization works — your lender front-loads interest so they collect the most when your balance is highest. Equal monthly payments don't mean equal progress. In the early years, most of your payment is pure interest cost. Extra payments hit principal directly — which is why even small additions early in a loan save disproportionately large amounts of interest.
For informational purposes only. Not financial advice. Results are estimates based on the inputs provided. Actual loan terms vary by lender. Always verify with your lender before making financial decisions.
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