Quick answer: Enter a loan amount, estimated APR, and term to estimate monthly payment, total repayment, and total interest. Results are educational estimates, not loan offers.
Published: September 26, 2026 | Last updated: September 26, 2026 | Written by: Borrow Your Loan Editorial Team
Estimated monthly payment
Total repayment
Estimated interest
Borrow Your Loan is not a lender. APR, fees, approval, funding, and repayment terms are determined by the lender or partner that reviews your request.
Example monthly payment table
These examples show how APR and term can change payment and total interest for a $10,000 loan. They are illustrative and do not represent a lender offer.
| Loan amount | APR | Term | Estimated monthly payment | Estimated total interest |
|---|---|---|---|---|
| $10,000 | 12% | 36 months | $332.14 | $1,957.15 |
| $10,000 | 18% | 36 months | $361.52 | $3,014.72 |
| $10,000 | 18% | 60 months | $253.93 | $5,236.06 |
| $10,000 | 24% | 60 months | $287.68 | $7,260.95 |
Methodology
The calculator uses the standard fixed-payment amortization formula: monthly payment = P x r / (1 - (1 + r)^-n), where P is the principal, r is the monthly interest rate, and n is the number of monthly payments. If APR is 0%, the payment is principal divided by months. The calculator does not include lender-specific origination fees, late fees, optional products, state-specific rules, or payment timing differences.
What to review before relying on an estimate
- A real offer may include fees that change APR or the amount received.
- A lower monthly payment can cost more overall if the term is longer.
- The lender's final disclosure controls the actual payment schedule and total repayment amount.