Loans & Debt Calculators
Personal loans, repayment plans, interest costs, and strategies to pay down debt faster.
Featured Loans & Debt Calculators
Start with the tools that help you understand payments, total interest, and how to pay off debt faster.
Loan Calculator
Estimate monthly payments and total cost for any installment loan.
Calculate NowPersonal Loan Calculator
Estimate personal loan payments, origination fees, net proceeds and total borrowing cost.
Calculate NowDebt Payoff Calculator
Build a payoff plan and see how fast you can become debt-free.
Calculate NowExplore More Loans & Debt Tools
Compare consolidation, credit-card payoff, and debt-to-income to see the full picture.
Debt Consolidation Calculator
Compare existing debt payments with a consolidation loan and estimate payment and cost differences.
Calculate NowCredit Card Payoff Calculator
Estimate how long it takes to pay off a credit card and how extra payments can reduce interest.
Calculate NowDebt-to-Income Calculator
Calculate your debt-to-income ratio and see how monthly obligations compare to your income.
Calculate NowUnderstanding your loans & debt numbers
Interest & APR
Interest is the cost of borrowing. APR includes certain fees, so it reflects the true yearly cost of a loan better than the interest rate alone.
Loan Term
A longer loan term lowers each monthly payment but increases total interest paid over the life of the loan for the same amount and rate.
Payoff Strategies
The avalanche method targets the highest-interest debt first to save the most interest; the snowball method targets the smallest balances first for momentum.
Debt-to-Income
DTI compares monthly debt obligations to gross monthly income and is a key figure lenders use when evaluating new credit applications.
Common loans & debt questions, answered
How is a loan payment calculated?
With the amortization formula M = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the principal, r is the monthly rate, and n is the number of monthly payments.
What's the difference between interest rate and APR?
The interest rate is the cost of borrowing the principal. APR includes certain fees expressed as a yearly rate, so it usually better reflects the total cost of a loan.
Does paying extra on a loan help?
Yes. Extra payments apply to principal, which reduces future interest and shortens the term — often significantly over the life of the loan.
What is debt consolidation?
Combining multiple debts into a single new loan, often to simplify payments or lower the overall interest rate. It changes the structure of debt but does not erase it.
Snowball or avalanche — which payoff method is better?
The avalanche method (highest interest first) saves the most interest. The snowball method (smallest balance first) can help build momentum. The best choice is the one you'll stick with.
What is a good debt-to-income ratio?
Lender standards vary, but a lower DTI is generally better. Many lenders look for a total DTI below a certain threshold when evaluating new credit. This calculator shows your ratio for your own planning.
Other financial calculators
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MoneyMetric HQ loans & debt calculators are educational and informational tools. Results are estimates based on the inputs you provide and may differ from lender, tax, or account figures. MoneyMetric HQ does not provide personalized financial, tax, legal, credit, or investment advice. See our Financial Disclaimer.