APR Calculator

Find the true annual percentage rate of a loan once fees and points are included, so two offers can be compared on equal footing.

Find the true yearly cost of a loan once fees are counted. Enter the amount, the note rate, the term and any points or up-front fees to get the effective APR, so two offers can be compared on equal footing.

Read the guide: APR vs Interest Rate: What's the Real Cost of a Loan?

Loan & fees

True APR

6.19%

Note rate is 6.00%

Monthly payment
$1,199.10
Fees included
$4,000

APR spreads up-front fees across the loan so you can compare offers fairly. Estimates only, not financial advice.

How it works

  1. 1

    Enter the loan

    Add the amount, the note rate and the term.

  2. 2

    Add the fees

    Include points and up-front fees you pay to get the loan.

  3. 3

    Compare the APR

    See the true APR next to the note rate to judge the real cost.

Instant & 100% private — nothing is uploaded

Every calculation runs locally in your browser. The income, balances and goals you enter stay on your own device and are never sent to a server — nothing is stored, logged or shared.

Frequently asked questions

How is APR different from the interest rate?
The note rate sets your payment; the APR folds in up-front fees to show the loan’s real yearly cost. Comparing APRs is the fairest way to weigh two offers.
Why is my APR higher than the rate I was quoted?
Because fees and points mean you receive less than you borrow but still repay the full amount. Spreading those costs across the loan pushes the effective rate above the note rate.
Which matters more, the interest rate or the APR?
The APR, when you are comparing offers, because it folds in fees and points to show the real cost. The note rate alone can look cheaper while hiding higher up-front charges.

Important

For information and planning only — not financial, tax or legal advice. These figures are estimates; rates, fees and rules vary, so confirm anything that affects a real decision with a qualified professional or the official source.

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