BORROWING COST TOOL
Loan Cost Calculator
See the total cost of a loan after interest and upfront fees, not just the advertised rate.
Monthly payment—
Total interest—
Origination fee—
Total repayment—
This estimate does not replace a lender’s disclosure. Review the loan agreement for all fees, penalties, and the lender’s stated APR.
Why fees matter
A loan with a lower advertised interest rate can still cost more when it has an origination fee. Compare monthly payment, total interest, total fees, and total repayment together.
FAQ
What is an origination fee?
An origination fee is an upfront lender charge, usually calculated as a percentage of the loan amount.
Is the lowest rate always the lowest cost?
No. Compare all charges and terms. If you are deciding whether to move credit card debt, also use the balance transfer calculator.