المالية

APR Calculator

Calculate the true Annual Percentage Rate (APR) of a loan including fees and closing costs.

$
yrs
%
$

Origination fees, points, processing fees

True APR
—%
Monthly Payment
$—
Net Loan Received
$—
Total Interest Paid
$—
Total Cost of Loan
$—
كيفية الاستخدام
  1. Enter the loan amount and the loan term.
  2. Enter the stated interest rate (nominal rate).
  3. Enter any upfront fees required to get the loan.
  4. The calculator finds the APR, which is the actual annualized cost of borrowing when fees are included.

الصيغة

1. PMT = Amount × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]
2. Net Advance = Amount − Fees
3. APR = The rate 'i' that solves: Net Advance = PMT × [1 − (1+i)⁻ⁿ] / i

The Annual Percentage Rate (APR) represents the true cost of borrowing, expressed as a yearly rate. It includes both the interest rate and any fees or additional costs associated with the transaction. Comparing APRs is the best way to compare loan offers.