How this calculator works
The Loanify loan calculator uses the standard amortization formula: payment = P × r ÷ (1 − (1 + r)−n), where P is the loan amount, r is the monthly rate (APR ÷ 12) and n is the number of months. When you add an origination fee, the calculator shows the amount you'd actually receive; the loan balance and payment stay based on the full amount borrowed, which is how most lenders apply the fee.
Results are estimates for planning. Your actual Loanify APR, payment and fees appear on your personalized offer. See Loanify rates and fees and our guide to paying off a loan early.
Frequently asked questions
Is the Loanify calculator result my actual offer?
No. It's an estimate. Your actual APR and payment are shown on your offer after you check your rate.
Why does a longer term cost more?
You pay interest for more months, so total interest rises even though each payment is smaller.