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Free Tool

Loan Calculator

Estimate your monthly payments and see how much you could save with LendSmart's competitive rates.

Calculate Your Payment

$
$1,000 $100,000
%
3% 36%
Estimated Monthly Payment
$781
Based on 36 months at 7.99% APR

Loan Breakdown

Principal Amount $25,000
Total Interest $3,116

Total Cost of Loan $28,116

Ready to see your actual rate? Check your rate without affecting your credit score.

Check Your Rate

How Our Calculator Works

Understanding your loan payment calculation

Principal + Interest

Your monthly payment covers both the loan principal and interest charges, calculated using standard amortization.

Fixed Payments

Your payment stays the same each month. No surprises or variable rates to worry about.

No Hidden Fees

What you see is what you get. No origination fees, no prepayment penalties, no surprises.

Calculator FAQ

Is this calculator accurate?

This calculator provides estimates based on standard loan amortization formulas. Your actual rate and payment may vary based on your credit profile and other factors.

What APR should I use?

Your APR depends on your credit score, income, and other factors. Use the credit score selector to see estimated rates, or check your actual rate without affecting your credit.

Can I pay off my loan early?

Yes! LendSmart has no prepayment penalties. You can pay off your loan early at any time without additional fees.