Personal Loan Calculator with Origination Fee
Plan a personal loan or debt-consolidation loan. Enter the amount, rate, term, and any origination fee to see the payment, total interest, and how much of your loan proceeds you actually receive.
Inputs
Deducted from proceeds at funding.
Results
- Monthly payment
- $501.80
- Cash you receive
- $14,550.00
- Origination fee
- $450.00
- Effective APR (with fee)
- 14.64%
- Total interest
- $3,064.96
- Total repaid
- $18,064.96
Includes inputs, results, and schedule.
Repayment schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $4,392.67 | $1,628.99 | $10,607.33 |
| 2 | $4,974.33 | $1,047.33 | $5,633.01 |
| 3 | $5,633.01 | $388.65 | $0.00 |
APR vs. interest rate on personal loans
APR includes the origination fee, so a loan with a 10% interest rate and a 5% fee has an effective APR closer to 13%. Always compare offers on APR, not just the headline rate.
Frequently asked questions
Why is the money I receive less than the loan amount?
Many personal-loan lenders charge an origination fee (typically 1–8%) that's deducted from your proceeds. You still repay the full loan amount plus interest.
Should I refinance credit-card debt with a personal loan?
Personal-loan APRs are usually lower than credit-card APRs. Compare the personal-loan APR (including fee) to your card APR — if it's lower and you can commit to the fixed term, you'll save on interest.