Free calculator
APR Calculator
An APR calculator measures the yearly cost of credit once upfront fees are counted. Enter the amount, rate, term, and fees to see how the APR compares with the note rate.
The lowest rates are only available to the most qualified applicants.
Advertising disclosure: Loancalculated may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.
Enter your numbers and press Calculate. Nothing you type leaves your browser.
The lowest rates are only available to the most qualified applicants.
Advertising disclosure: Loancalculated may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.
How this calculator works
The APR expresses the yearly cost of credit. It normally sits above the advertised note rate, because fees reduce the cash you actually receive while the payments stay the same.
This tool solves for the monthly periodic rate i that balances:
P − F = payment × (1 − (1 + i)−n) ÷ i
- P — the loan amount
- F — upfront fees
- payment — the monthly payment at the note rate
- n — the number of monthly payments
It reports the nominal APR (i × 12 × 100) and the effective APR ((1 + i)12 − 1) × 100. With no fees, both match the note rate.
Fee amounts differ by lender and product, so enter the figures from your own offer.