APR Calculator
Estimate loan APR from amount, interest rate, term, origination fee, points, lender fees, and other prepaid finance charges.
Estimate only. APR disclosure rules can depend on charge type, timing, loan product, and lender disclosures. Use your official Loan Estimate or Truth-in-Lending disclosure for contract decisions.
APR versus interest rate
APR search intent is about comparing the real annual cost of credit when fees are involved. The interest rate drives the payment, while APR also reflects prepaid finance charges that reduce the amount financed or increase the cost of borrowing.
- Loan amount, stated interest rate, and repayment term.
- Origination fee, lender fees, discount points, and other prepaid finance charges.
- Monthly payment, total interest, finance charge, amount financed, and estimated APR.
APR calculation approach
Prepaid finance charges can include origination, points, and certain lender fees.
The APR estimate solves the monthly rate that discounts the payments back to the amount financed.
The displayed APR annualizes the solved monthly rate.
Frequently Asked Questions
Sources and References
- Loan APR calculatorBankrate
- What is the difference between a loan interest rate and the APR?CFPB
- Regulation Z: Determination of annual percentage rateCFPB
- Loan APR CalculatorMoneyRates
Calculations are based on the listed reference sources. Links open in a new tab.
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