Understand the cost before borrowing
Personal loan payment calculator
A lower payment does not always mean a cheaper loan. Compare the cash you receive, the fee, the payment schedule and the total you would repay.
Educational estimate only. The starting numbers and input limits are calculator settings, not our network rates, available loan sizes or an offer of credit. Calculations stay in your browser; these amounts are not submitted as a loan request.
Balance before a fee is deducted.
Enter the interest rate, not a fee-inclusive APR.
Equal monthly payments; first payment after one month.
Deducted once from the principal before you receive funds.
Estimated regular monthly payment
$166.07
Final payment: $166.15. Rounding can change the last payment.
- Cash you receive
- $5,000.00
- Upfront origination fee
- $0.00
- Total scheduled repayment
- $5,978.60
- Interest over the term
- $978.60
- Total borrowing cost (interest + fee)
- $978.60
- Estimated APR including this fee
- 12.00%
View the estimated payment schedule
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $166.07 | $50.00 | $116.07 | $4,883.93 |
| 2 | $166.07 | $48.84 | $117.23 | $4,766.70 |
| 3 | $166.07 | $47.67 | $118.40 | $4,648.30 |
| 4 | $166.07 | $46.48 | $119.59 | $4,528.71 |
| 5 | $166.07 | $45.29 | $120.78 | $4,407.93 |
| 6 | $166.07 | $44.08 | $121.99 | $4,285.94 |
| 7 | $166.07 | $42.86 | $123.21 | $4,162.73 |
| 8 | $166.07 | $41.63 | $124.44 | $4,038.29 |
| 9 | $166.07 | $40.38 | $125.69 | $3,912.60 |
| 10 | $166.07 | $39.13 | $126.94 | $3,785.66 |
| 11 | $166.07 | $37.86 | $128.21 | $3,657.45 |
| 12 | $166.07 | $36.57 | $129.50 | $3,527.95 |
| 13 | $166.07 | $35.28 | $130.79 | $3,397.16 |
| 14 | $166.07 | $33.97 | $132.10 | $3,265.06 |
| 15 | $166.07 | $32.65 | $133.42 | $3,131.64 |
| 16 | $166.07 | $31.32 | $134.75 | $2,996.89 |
| 17 | $166.07 | $29.97 | $136.10 | $2,860.79 |
| 18 | $166.07 | $28.61 | $137.46 | $2,723.33 |
| 19 | $166.07 | $27.23 | $138.84 | $2,584.49 |
| 20 | $166.07 | $25.84 | $140.23 | $2,444.26 |
| 21 | $166.07 | $24.44 | $141.63 | $2,302.63 |
| 22 | $166.07 | $23.03 | $143.04 | $2,159.59 |
| 23 | $166.07 | $21.60 | $144.47 | $2,015.12 |
| 24 | $166.07 | $20.15 | $145.92 | $1,869.20 |
| 25 | $166.07 | $18.69 | $147.38 | $1,721.82 |
| 26 | $166.07 | $17.22 | $148.85 | $1,572.97 |
| 27 | $166.07 | $15.73 | $150.34 | $1,422.63 |
| 28 | $166.07 | $14.23 | $151.84 | $1,270.79 |
| 29 | $166.07 | $12.71 | $153.36 | $1,117.43 |
| 30 | $166.07 | $11.17 | $154.90 | $962.53 |
| 31 | $166.07 | $9.63 | $156.44 | $806.09 |
| 32 | $166.07 | $8.06 | $158.01 | $648.08 |
| 33 | $166.07 | $6.48 | $159.59 | $488.49 |
| 34 | $166.07 | $4.88 | $161.19 | $327.30 |
| 35 | $166.07 | $3.27 | $162.80 | $164.50 |
| 36 | $166.15 | $1.65 | $164.50 | $0.00 |
What the estimate includes
The calculator assumes a fixed interest rate, equal monthly payment periods and one origination fee deducted from the funds you receive. Payments and monthly interest are rounded to cents, with the final payment adjusted to clear the balance. It does not include late fees, optional products, insurance, irregular payment dates or prepayment charges.
Interest rate and APR are different
The interest rate calculates interest on the loan balance. The APR estimate also accounts for the specified fee reducing your cash proceeds. It is calculated from those proceeds and the monthly payment schedule, then annualized. A lender's required APR disclosure may differ because of actual dates, additional charges and applicable calculation rules. Use the lender's disclosure to compare real offers.
Compare terms without losing sight of the total
Keep the amount, interest rate and fee the same, then change the term. A longer term usually reduces the monthly payment while increasing interest paid. Check whether the payment fits alongside housing, utilities, food and existing debts. If borrowing only postpones an unaffordable bill, consider a payment arrangement or another alternative.
Can this tell me what I qualify for?
No. This tool does not pull credit, assess eligibility or show an approved rate. The examples are not representative offers from our partners. Our matching service does not publish a verified network-wide APR range. Read the rates and fees explanation before starting a request.
Published October 29, 2026 by the 5MinutesLoan editorial team. Editorial standards and corrections.