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APR Calculator

True annual cost of a loan, including fees.

Details

Results

APR (with fees)-
Monthly payment-
Total interest-

Estimates only. Not financial advice.

How it works

APR captures the real yearly cost of borrowing by folding fees into the rate. We compute your monthly payment from the note rate, then solve for the APR that equals your net proceeds (amount minus fees).

Compare loans by APR, not just the interest rate , fees can make a 'low rate' costlier.

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Good to know

FAQs

APR vs interest rate?

APR includes fees, so it's usually higher than the note rate.

Why does APR matter?

It lets you compare loans on equal footing.

What fees count?

Origination and finance charges; enter them in the fees field.

Financial advice?

No , an estimate.