APR Calculator

The banking costs of a loan involve more than just interest rates. When applying for a loan, it is common for lenders to charge fees or points in addition to interest. Hence, instead of merely focusing on interest, lenders should pay more attention to the annual percentage rate, or real APR, when considering the actual cost of a mortgage. The following two calculators help reveal the true costs of loans through real APR.

Modify the values and click the calculate button to use

General APR Calculator

Loan Amount

Loan Term

Interest Rate

Compound

Pay Back

Loaned Fees?

Upfront Fees?

Mortgage APR Calculator

Use the calculator below for mortgage loans in the United States.

House Value

Down Payment

Loan Term

Interest Rate

Loan Fees

Points

PMI Insurance

APR Calculator - Understand the True Cost of Your Loan

The APR Calculator helps you determine the real cost of borrowing by calculating the Annual Percentage Rate (APR)—a comprehensive measure that includes interest rates, fees, and other loan charges. Unlike the simple interest rate, APR provides a more accurate picture of what you'll actually pay over the life of a loan.

Why Use an APR Calculator?

Compare Loans Fairly: Different lenders may offer varying interest rates and fees. APR standardizes these costs for easy comparison.
Understand Hidden Fees: Some loans come with origination fees, closing costs, or insurance premiums—APR accounts for all of them.
Plan Your Budget: See the total repayment amount, monthly payments, and interest costs before committing to a loan.
Mortgage & Loan Clarity: Whether it's a personal loan, auto loan, credit card, or mortgage, APR helps you make informed financial decisions.

How It Works

Enter Loan Details: Input the loan amount, term, interest rate, and any additional fees.
Calculate APR: The tool computes the effective APR, including all costs.
Analyze Results: See a breakdown of monthly payments, total interest, and overall repayment amount.

Features:

✅ General APR Calculator – Works for personal loans, auto loans, and credit cards.
✅ Mortgage APR Calculator – Includes down payment, PMI insurance, and loan points.
✅ Interactive & User-Friendly – Adjust values and see instant results.