Loan Payment Calculator
Estimate your monthly payment, total interest and payoff date for any loan from $200 to $5,000. Add an extra payment to see how much you could save.
Use the mobiloans loan calculator to estimate your monthly payment, total interest and payoff date for $200 to $5,000. The formula is Payment = P × r ÷ (1 − (1 + r)^−n). For example, $1,000 at 29.99% APR over 12 months is about $97.48 a month.
- Amount range
- $200 to $5,000
- APR range
- 5.99% to 35.99%
- Terms
- 3 to 24 months
- Credit check
- None, runs in your browser
Estimate Your Loan
Show the full payment schedule
| # | Payment | Principal | Interest | Balance |
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Estimates only. Assumes equal monthly payments and an origination fee deducted from the loan amount. Lenders in our network offer 5.99% to 35.99% APR.
How to Use the Calculator
- Set the amount you plan to borrow, ideally the exact cost of what you need.
- Choose an APR. Try both ends of the 5.99% to 35.99% range to see your best and worst case.
- Pick a term. Compare a short and long term to see the trade-off between payment size and total cost.
- Add any origination fee to see how much cash will actually reach your account.
- Try an extra payment to see how quickly you could finish and how much interest you'd save.
The Formula Behind It
Fixed-payment loans use the standard amortization formula, where P is the amount borrowed, r is the APR divided by 12 and n is the number of monthly payments:
Example: $1,000 at 29.99% APR for 12 months gives r = 0.0249917, so the payment is about $97.48 and total interest is $169.79.
Ways to Pay Less
Borrow less
Interest is charged on what you owe, so every dollar you don't borrow saves interest.
Choose a shorter term
Higher payments, but fewer months of interest and a lower total cost.
Pay extra when you can
Most network lenders don't charge prepayment penalties; extra payments cut principal.
Improve your credit
A stronger score usually means a lower APR the next time you borrow.
Calculator FAQ
How accurate is this loan calculator?
It uses the standard amortization formula lenders use for fixed-payment loans, so estimates are close for loans with equal monthly payments. Your lender's Truth in Lending disclosure shows the exact figures, which can differ because of payment timing, fees or state rules.
Does the calculator include origination fees?
Yes. Set the origination fee slider to see how a fee deducted from your loan reduces the cash you receive. Origination fees are included in the APR your lender quotes.
Why does a longer term cost more?
A longer term spreads the principal over more payments, which lowers each payment, but interest accrues for more months, so the total cost rises.
Will using the calculator affect my credit?
No. The calculator runs entirely in your browser. Nothing is submitted, and no credit check happens.
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