How Much Interest Are You Really Paying?
Instantly Compute your Effective Interest Rate with the Calculator Below
This calculator will help you understand how to calculate the interest you’re actually paying on your debts. You’ll likely be interested in knowing the actual interest rate you pay not the stated interest rate on your outstanding loans.
To find out what percentage of your debts go to paying just interest use the calculator below (include all of your debts to see what your effective interest cost is on your next month’s payments).