APR Calculator

Calculate the true APR of a loan including fees, compare APR vs nominal interest rate.

Loan Amount

Fees

Interest Rate (%)

Term (Years)

Estimated APR

8.154%

Total Cost

$12,099.68

What is an APR Calculator?

Calculate the true Annual Percentage Rate (APR) of a loan including fees. Compare APR vs stated interest rate.

How to Use

Using the APR calculator is simple:

Enter your values in the input fields
Click the calculate button
View the result instantly

Tips

Double-check your inputs for accurate results
This tool is for estimation - consult a professional for important decisions
Save your results for future reference

Frequently Asked Questions

What is APR?+

APR (Annual Percentage Rate) is the true annual cost of a loan expressed as a rate. It includes the interest rate plus fees (origination fees, closing costs, etc.), providing a single comparable number.

What is the difference between APR and the interest rate?+

The interest rate is your cost of borrowing. APR includes the interest rate plus loan fees (origination fees, points, mortgage insurance, closing costs). APR is always equal to or higher than the interest rate and gives the full cost picture.

Why is APR important for comparing loans?+

Lenders may offer a low rate with high fees, or a high rate with low fees. APR combines both into one number, making different loan products from different lenders truly comparable.

Does APR account for early repayment?+

No. APR assumes you hold the loan for its full term. If you pay off early or refinance, the actual cost may be higher because you pay the same fees over a shorter period.

APR Calculator

What is an APR Calculator?

How to Use

Tips

Frequently Asked Questions

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