APR Calculator
Calculate the Annual Percentage Rate (APR) of a loan including fees and additional costs. The APR is the true cost of borrowing that includes both the interest rate and any additional fees charged by the lender.
General APR
Mortgage APR
Real APR: 0%
| Amount Financed | $0.00 |
|---|---|
| Upfront Out-of-Pocket Fees | $0.00 |
| Payment Every Month | $0.00 |
| Total of Payments | $0.00 |
| Total Interest | $0.00 |
| All Payments and Fees | $0.00 |
Real APR: 0%
| Loan Amount | $0.00 |
|---|---|
| Down Payment | $0.00 |
| Monthly Pay | $0.00 |
| Total of Payments | $0.00 |
| Total Interest | $0.00 |
| All Payments and Fees | $0.00 |
About APR Calculator
The Annual Percentage Rate (APR) is the cost you pay each year to borrow money, including fees, expressed as a percentage. The APR is a broader measure of the cost to you of borrowing money since it reflects not only the interest rate but also the fees that you have to pay to get the loan.
How to Calculate APR
To calculate the APR:
- Determine the total amount financed (loan amount minus any upfront fees)
- Calculate the monthly payment using the stated interest rate
- Use the monthly payment, loan term, and total amount financed to calculate the APR
Why APR Matters
APR gives you a good idea of the total cost of borrowing. When comparing loans, the APR can help you understand which loan is truly less expensive, even if they have different interest rates and fee structures.