APR Calculator
Enter the loan amount, note rate, term and upfront fees to find the APR.
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Enter the loan and fees to see the APR.
Worked example
With these example inputs:
- Loan amount$200,000
- Note rate6%
- Loan term30 yr
- Upfront fees$4,000
APR: 6.19%
- Monthly payment$1,199
- Effective annual rate (compounded)6.37%
Frequently asked questions
How does APR differ from the note rate?
APR folds upfront fees into the rate, so it is higher than the note rate whenever fees apply. A 200,000 loan at 6% over 30 years with 4,000 in fees has an APR near 6.19%.
Why compare loans by APR?
APR captures both interest and fees in one number, making loans easier to compare. Two loans with the same note rate can have very different APRs once fees differ.