APR Calculator

Calculate the true annual percentage rate (APR) on your loan, including fees and term.

Loan Amount

Interest Rate (%)

Loan Term

Total Fees / Closing Costs

Payment Frequency

How to Calculate APR on a Loan

To calculate APR, add up all interest and fees, then determine the equivalent annual rate that would result in the same total cost over the loan term. Our calculator does this for you automatically.

1
Enter Loan Details
Input the loan amount, interest rate, term, and fees.
2
Select Payment Frequency
Choose monthly or quarterly payments.
3
Get Results
See your APR, payment, and total cost instantly.

APR vs Interest Rate: What's the Difference?

The interest rate is the cost of borrowing, but APR includes both interest and fees, giving you a more accurate measure of the true cost of a loan.

Interest Rate
Only includes the cost of borrowing, not fees.
APR
Includes both interest and fees for a true annual cost.
Comparison
APR is better for comparing loan offers.

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