What a loan really costs
Enter the offer.
By the DollarScout team · Updated · Methodology · How we make money
Your estimate
Total costExample
$2,116.20
APR with the fee: 13.56%.
Monthly payment$322.67Money you receive$9,500.00
APR with the fee13.56%
Rate vs APR
- Rate10.00%
- APR13.56%
Interest$1,616.20Origination fee$500.00
What this means
Fee vs interest
- Interest$1,616
- Origination fee$500
What you actually receive
$9,500.00
The origination fee is deducted from the proceeds.
Change the loan term
Total cost$2,116.20
How this calculator works
How the math works
Amortize the amount at a fixed monthly rate, rounding interest each month and clearing the final cents. Deduct the origination fee from the proceeds and solve the APR from all payments.
Assumptions
- Fixed interest rate and monthly payments
- Origination fee deducted from proceeds
- No other fees or early payments
- Terms from 1 to 600 months
About this calculator
Enter the offer. See the money you actually receive, the monthly payment, the total cost and the APR once the fee is included.
Frequently asked questions
Is this calculator free?
Yes. No account or payment required.
Can I share my results?
Copy link shares the inputs in the address. Results remain estimates.
Example inputs. Results are estimates, not an offer or tax advice.