Example 1
- Amount: 50,000
- Rate 11%, term 5 years
- Origination 1,000 + 15/mo.
Payment ≈ 1,087.12
All-in ≈ 67,127.20
Fees outside the instalment raise the real cost above total repayments alone.
Total cost of loan calculator
Type the amount, the rate, the years, and the fees that sit outside the payment. The calculator computes an annuity and adds those fees. At 50,000, 11%, 5 years, a 1,000 fee, and 15 a month the payment is 1,087.12 and all-in is about 67,127.
Annuity plus fees outside the payment. Simplified APR, the annual percentage rate: APR. An all-in sketch, not a statutory figure from an offer.
Result
Loan amount, Annual interest rate (%), Term (years) and Origination / upfront fee (optional). The result shows up here.
How results are calculated
Total cost of loan builds a fixed payment, an annuity, from Loan amount, Annual interest rate (%), and Term (years), then adds fees. At 50,000, 11%, and 5 years the payment is 1,087.12. An Origination / upfront fee of 1,000 and a Monthly fee of 15 for 60 months make all-in about 67,127. At the same 50,000 and 11%, but 8 years, the payment drops to 785.42 and all-in rises to about 77,840, because interest runs longer.
People compare two offers with one all-in number. Scenario B has its own amount, rate, term, origination, insurance, monthly fee, and other charges. At 80,000 and 6 years, A is 9%, origination 1,600, insurance 50 a month, other 400. B is 8.2%, origination 3,200, insurance 900 once. B is cheaper by about 4,492 on all-in even with the higher fee. Insurance type is Once or Monthly.
Required fields for A are Loan amount, Annual interest rate (%), and Term (years). The rest is optional: Origination / upfront fee, Insurance type, Insurance amount, Monthly fee, Other charges total. Fill Scenario B only when you want a gap. Fees do not enter 1,087.12. Sitting inside the payment, they would change the annuity; here they stay beside it.
Simplified APR, the annual percentage rate, is a separate power of cost and amount. Loan installment shows 1,112.22 without an insurance split. Cost of loan uses simple interest: 500 on 5,000 at 10% for 12 months. This calculator stays with an annuity and all-in. Header currency only labels the amounts.
The calculator waits for a positive amount, rate, and term. A comma and a period in 11.0 mean the same rate. This is a fixed-rate sketch, not statutory APR from an offer and not a credit decision.
Type 50,000, 11, 5, a 1,000 fee, and 15, click Calculate, and check 1,087.12 and about 67,127. Then change the term to 8 to see 785.42 and about 77,840.
How to use
- Type Loan amount, for example 50,000, Annual interest rate (%), for example 11, and Term (years), for example 5.
- Optionally add Origination / upfront fee, Insurance type and Insurance amount, Monthly fee, and Other charges total.
- Fill Scenario B when you want a second offer: its own amount, rate, term, and fees.
- Click Calculate. At 50,000, 11%, 5 years, a 1,000 fee, and 15/month the payment is 1,087.12 and all-in about 67,127.
- Simplified APR lives on the APR page. Simple interest without an annuity lives on cost of loan.
All-in cost from an annuity plus fees
Annuity payment plus fees outside the installment. At 50,000, 11%, 5 years, a 1000 fee and 15 a month, the payment is 1087.12 and all-in is about 67,127.
- all-in
- Schedule total plus fees. 50,000, 11%, 5 years, 1000 and 15/mo is about 67,127. Stretching to 8 years lifts all-in to about 77,840 at a 785.42 payment.
- annuity
- The fixed payment from amount, rate, and years. 1087.12 at 50,000, 11%, 5 years. The 1000 + 15 fees sit outside that payment.
- upfront
- Arrangement fee outside the installment. 1000 on example 1 pushes all-in above 1087.12 × 60 alone.
Usage examples
Example 2
- Amount: 50,000
- Rate 11%, term 8 years
- Same fees as Example 1
Lower payment ≈ 785.42
Higher all-in ≈ 77,840.32
A longer term cuts the payment but usually raises total cost.
Example 3
- A: 9%, origination 1,600, ins. 50/mo., other 400
- B: 8.2%, origination 3,200, ins. 900 once
- Amount 80,000, 6 years
B cheaper by ≈ 4,492
(all-in)
A lower rate can beat a higher fee - compare all-in, not only the payment.
Example 4
- 30,000
- 8%
- 4 years
Payment 732.39
Total 35,154.61
What is the total repaid on 30,000 at 8% over 4 years? Payment 732.39, Total 35,154.61.
Example 5
- 15,000
- 10%
- 3 years
Payment 484.01
Total 17,424.28
What is the total repaid on 15,000 at 10% over 3 years? Payment 484.01, Total 17,424.28.
How to interpret the result
- Total cost shows how much you repay above the borrowed amount - not only in interest, but also in fees that sit outside the instalment itself.
- The result is useful for comparing two scenarios or offers in a simple way, but it does not replace statutory APR/APRC or a full review of lender documents.
- If two offers have a similar instalment but different upfront or monthly fees, this calculator is where that difference becomes the clearest.
When to choose another tool
- Monthly instalment amount → Loan instalment or Mortgage instalment
- Simplified yearly cost percentage → APR estimate
- Quick simple cost sketch without richer assumptions → Cost of loan
Related calculators
FAQ
What payment and all-in at 50,000, 11%, 5 years, a 1,000 fee, and 15/month?
Payment 1,087.12. All-in about 67,127, which is the payment total plus 1,000 plus 15 × 60.
What changes at an 8-year term with the same fees?
The payment drops to 785.42 and all-in rises to about 77,840. A longer term cuts the payment and raises interest.
Which scenario wins at 80,000 and 6 years?
B is cheaper by about 4,492 on all-in: 8.2% and origination 3,200 plus insurance 900 once, versus A at 9%, origination 1,600, 50/month, and 400 other.
Does the 1,000 fee sit inside the 1,087.12 payment?
No. The payment comes from amount, rate, and term. Origination, insurance, monthly fee, and other charges go into all-in beside the payment.
Is this statutory APR?
No. APR, the annual percentage rate, in the simplified version lives on its own page. Here you see money, not a power.
How does Insurance type work?
Once adds Insurance amount a single time. Monthly multiplies it by the number of months. In example B, 900 is once.
How is this different from cost of loan?
That page uses simple interest: 5,000 at 10% for 12 months is 500. Here you get annuity 1,087.12 and fees beside it.
Does a comma in 11.0 work?
Yes. 11,0 and 11.0 are the same rate. Header currency only labels the result.
Do I have to fill Scenario B?
No. B is optional. Without it you see payment and all-in for one offer.
Is 67,127 a credit decision?
No. It is a fixed-rate sketch from the numbers you type. An offer may add other fees.
Knowledge sources
All-in is the annuity plus the fees you type. This is a cost sketch, not statutory APR.
Page updated in 2026.