APR Calculator

Calculate the Annual Percentage Rate (APR) for loans and mortgages. Compare nominal interest rates with the true cost of borrowing including fees.

Loan Amount

Loan Term

yearsmonths

Interest Rate

Compound

Pay Back

Loaned Fees

Upfront Fees

APR (Annual Percentage Rate): The true cost of borrowing, including interest and fees, expressed as an annual rate.

Real APR vs Nominal Rate: The real APR is typically higher than the nominal interest rate because it includes all fees and costs.

General APR: Use for personal loans, auto loans, and other consumer loans.

Mortgage APR: Specifically designed for home loans, including points, PMI, and other mortgage-specific fees.