Show Real Cost
×

Cost of borrowing · second quarter 2026

Borrowing $10,000 for two years.

At 11.86%, the average rate banks charged on a 24-month personal loan in the second quarter of 2026, from the Federal Reserve's G.19 release.

How much interest in total?

$2,000
$0$4,000
Lock it in

About a minute. No sign-up. Nothing you type leaves your phone.

The real number

$1,282

It comes to $1,282.

Your guess—
The real figure$1,282

$470 a month, $11,282 in all. A year earlier, at 11.57%, the same loan cost $1,250.

Why so much?

Why

The same $10,000, four ways.

Payment 1 on the personal loan, $470
  • $99 interest
  • $371 off the loan

A 60-month car loan at 7.14% costs $1,920. A 72-month car loan at 6.97% costs $2,265. A card balance at 22.15%, cleared in 24 equal payments, costs $2,469.

Where the rates come from

Federal Reserve G.19, terms of credit at commercial banks. Averages, not offers; your rate depends on the lender, your credit and the term.

Show me one move

One move

The six-year car loan has the lowest payment and the highest cost.

Car loan, 60 months at 7.14%

$199a month
$1,920interest in all

Car loan, 72 months at 6.97%

$170a month
$2,265interest in all

Per $10,000 borrowed. Multiply by three for a $30,000 car.

Rates are quarterly averages reported in the middle month of each quarter. We update this story when the Fed publishes new figures.

Try it with my numbers

Now yours

Your loan at the latest reported average rate.

$470.08 a month. Interest in all: $1,282. You pay back $11,282.

Nothing you type leaves your phone.

Open the full tool: Where did my payments go?

Play today to start a streak

Shares the question and how far off you were (your miss). Never your own numbers.

The whole story, as text

What it costs to borrow $10,000 right now (second quarter 2026)

Borrowing $10,000 for two years. At 11.86%, the average rate banks charged on a 24-month personal loan in the second quarter of 2026, from the Federal Reserve's G.19 release. How much interest in total?

The answer

$1,282. $470 a month, $11,282 in all. A year earlier, at 11.57%, the same loan cost $1,250.

Why

The same $10,000, four ways. $99 interest, $371 off the loan. A 60-month car loan at 7.14% costs $1,920. A 72-month car loan at 6.97% costs $2,265. A card balance at 22.15%, cleared in 24 equal payments, costs $2,469. Where the rates come from: Federal Reserve G.19, terms of credit at commercial banks. Averages, not offers; your rate depends on the lender, your credit and the term.

One move

The six-year car loan has the lowest payment and the highest cost. Car loan, 60 months at 7.14%: $199 a month, $1,920 interest in all. Car loan, 72 months at 6.97%: $170 a month, $2,265 interest in all. Per $10,000 borrowed. Multiply by three for a $30,000 car. Rates are quarterly averages reported in the middle month of each quarter. We update this story when the Fed publishes new figures.

Source: Federal Reserve Board, G.19 Consumer Credit release, “Terms of Credit at Commercial Banks and Finance Companies”, series TERMCBPER24NS, RIFLPBCIANM60NM, RIFLPBCIANM72NM, TERMCBCCINTNS, TERMCBCCALLNS. Fetched 2026-10-03.

Yours

Where did my payments go? runs these numbers for any loan. Nothing you enter leaves your browser.

The latest averages, how they have moved, and a check of a rate you were offered: average rates.

Written and reviewed by Riverbend Crossroads Digital LLC, Saturday, October 3, 2026. Figures from the Show Real Cost engine, computed exactly and shown to the cent. Educational, not advice; your lender's disclosures are the authoritative figures. How we calculate · Corrections.