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.

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.
Is this financial advice?
No. These are estimates to help you plan and compare options. Your real figures depend on your lender, taxes and personal situation, so check with a qualified professional before deciding.