Financial

APR Calculator

Calculate the Annual Percentage Rate (APR) on a loan, accounting for interest rate and additional fees.

Using the APR Calculator

The interest rate isn't the whole story. APR (Annual Percentage Rate) includes both the interest and the upfront fees (like points or origination charges), providing a standardized way to compare the true annual cost of different loan offers.

How it Works

Enter the loan amount and the base interest rate.

Add all upfront loan fees (closing costs, origination fees).

Select the loan term.

Review the "Effective APR" and compare it to the advertised interest rate.

Frequently Asked Questions

What is the difference between APR and interest rate?

The interest rate is the cost of borrowing principal. APR includes the rate plus fees and points, giving the true loan cost.

Loan Amount ($)

Nominal Interest Rate (%)

Loan Term (months)

Total Fees / Points ($)