Borrowing Cost Calculator

Use our Borrowing Cost Calculator to see what a loan really costs on top of the amount you borrow.

Choose the kind of loan: simple interest, charged on the amount borrowed only; compound interest, where interest is added to the balance and repaid at the end; or an amortized loan repaid in equal monthly, every-2-weeks or weekly payments, like most car, personal and home loans.

For simple interest you can also work backwards and find the amount, rate or term that gives a borrowing cost. For amortized loans, add any upfront or financed fees to see the full borrowing cost, your payment, a payment-by-payment schedule and the APR including fees. To turn a loan’s fees into a yearly rate, use our True APR Calculator; to see how simple and compound interest grow apart over time, our Simple vs Compound Interest Calculator.