Compute the true Annual Percentage Rate (APR) for any loan including origination fees, discount points, and closing costs. Compare lenders accurately — not just by interest rate.
Enter your loan details including fees to compute the true APR. Switch to Bulk Upload to compare multiple loan offers at once.
Enter your loan details and any fees above, then click Calculate APR to see the true Annual Percentage Rate, total loan cost breakdown, and how the APR compares to the stated interest rate.
Everything you need to see the true cost of any loan offer — not just the advertised interest rate.
Compute the real Annual Percentage Rate that accounts for origination fees, discount points, broker fees, and all other financed costs — not just the stated rate.
See side-by-side how the stated interest rate compares to the true APR so you understand exactly how much fees are adding to your borrowing cost each year.
Upload a TXT or CSV file with multiple loan offers from different lenders and compute the true APR for all of them simultaneously to find the best deal.
Visual charts show the total split between principal repaid, interest paid, and fees — giving you a complete picture of what every dollar of borrowing actually costs.
View your complete month-by-month or year-by-year repayment table showing every payment's principal component, interest component, and remaining balance.
Download your APR comparison as a CSV or JSON file for further analysis in Excel, Google Sheets, or any financial planning software you already use.
No registration, no fees — just accurate APR calculations in seconds.
Input the loan amount, stated interest rate, and term. Then add any origination fees, discount points, broker fees, or other costs included in the loan's APR calculation.
Hit the button and instantly see the true APR, how it compares to the stated rate, total cost breakdown, and the full amortization schedule with visual charts.
Download results as CSV or JSON, or use the bulk upload feature to process multiple lender quotes simultaneously and identify the loan with the lowest true APR.
An APR calculator (Annual Percentage Rate calculator) is a free online tool that computes the true cost of a loan expressed as a yearly rate, incorporating not only the stated interest rate but also origination fees, discount points, broker fees, and other financed charges. Unlike the nominal interest rate, APR gives borrowers an apples-to-apples comparison metric that reveals the genuine total cost of any loan offer — making it the most important number to evaluate when comparing competing lenders.
APR is a standardized measure required by the Truth in Lending Act (TILA) in the United States that lenders must disclose on all consumer loans. It represents the annualized cost of borrowing, including the interest rate and specific fees, expressed as a percentage of the loan amount. The key insight is that two loans with identical stated interest rates can have very different APRs if one carries higher upfront fees — and the loan with the higher APR is genuinely more expensive over its full term.
The interest rate is the cost of borrowing the principal expressed as a percentage — it determines your monthly payment amount. The APR is the interest rate plus the amortized cost of fees and points expressed as a yearly rate. APR is always equal to or higher than the stated interest rate (it equals the rate only when there are zero fees). For a 30-year mortgage, even a small difference in APR represents tens of thousands of dollars over the loan's lifetime.
The APR calculation finds the internal rate of return (IRR) of all loan cash flows. Specifically, it solves for the monthly rate r that satisfies:
Where Net Proceeds equals the loan amount minus all upfront fees (since fees reduce the amount actually received by the borrower). Once r is found, APR = r × 12 (for monthly compounding). Our calculator uses Newton-Raphson iteration to solve this precisely.
Example 1 – Mortgage Comparison: Lender A offers 6.5% with $3,000 in fees on a $300,000 30-year mortgage. Lender B offers 6.75% with zero fees. Lender A's APR works out to approximately 6.62%, while Lender B's APR is exactly 6.75%. Lender A is the better deal — but only if you keep the loan long enough to recoup the upfront fees.
Example 2 – Discount Points: Paying 2 discount points (2% of $400,000 = $8,000) to reduce a mortgage rate from 7.0% to 6.5% seems attractive. But the APR shows that this raises your effective cost in the early years. Our calculator helps determine the break-even period — typically 4 to 6 years — at which point the lower rate pays off.
Example 3 – Personal Loan Fees: A $20,000 personal loan at 10% nominal rate with a 3% origination fee ($600) has a true APR of approximately 11.5% over 3 years. Without the APR calculation, borrowers often underestimate the real cost of seemingly small origination fees.
Our bulk APR calculator makes it effortless to compare every loan offer on a truly level playing field. Simply paste your lender quotes in CSV format or upload a file to run batch APR calculations and instantly identify the most cost-effective borrowing option.
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Disclaimer: This APR calculator is provided for informational and educational purposes only. Results are mathematical estimates based on the inputs you provide and do not constitute financial, legal, or investment advice. Actual APR may differ due to lender-specific fee inclusions, compounding methods, and regulatory requirements. "Annual Percentage Rate" and related disclosures are governed in the US by the Truth in Lending Act (TILA) and Regulation Z. Always confirm APR with your lender. All trademarks, service marks, and company names mentioned are the property of their respective owners.