Personal Loan True Cost Calculator (APR + Fees)
Map principal, APR, term, and origination fees into payment, cash received, and friction cost.
Not financial, tax, or lending advice. Confirm terms with your provider.
Est. monthly payment
$394
Cash received after fee
$14,250
Total interest
$3,925
Friction (interest + fee)
$4,675
Assumes fee deducted from proceeds and amortizing fixed payment. Educational estimate — not an offer.
Payment vs friction
A low payment can hide expensive total interest — especially on longer terms.
Origination fees often reduce cash in hand while interest still accrues on the note amount.
Compare apples to apples
When shopping offers, align term length and fee treatment before ranking APRs.
Prepaying early changes effective cost — run a second scenario with fewer months if that is your plan.
Frequently Asked Questions
Is APR the same as interest rate?
Not always. APR blends certain fees; total dollars paid still matters.
Are results a loan offer?
No. FeeFriction is not a lender.