How is APR different from interest rate?

APR aims to include certain financing costs so the yearly cost is more comparable across offers.

Is this lender-official APR?

No. Lenders follow regulatory formulas that may differ. Use this as an educational estimate.

APR Calculator

Estimate the true APR of a loan including fees and points — compare stated interest rate vs real cost.

Loan details

Loan amount ($)

Upfront fees / points ($)

Stated interest rate (%)

Term (years)

Fees reduce net proceeds. APR is the rate that equates the present value of payments to the amount you actually receive.

Estimated APR

6.646%

Stated rate: 6.50%

$1,264.14

Monthly payment

$255,088.98

Total interest (stated rate)

$197,000.00

Net proceeds after fees

APR is an approximate estimate using standard amortization and upfront fees. Actual APR may differ based on compounding, payment timing, insurance, and lender-specific charges.

What the tool does

APR Calculator estimates the true annual percentage rate of a loan when fees and points are included, so you can compare stated rate vs real cost.

How to use it

Enter loan amount, interest rate, term, and fees/points.
Calculate estimated APR.
Compare against other loan offers using the same fee assumptions.

Supported formats

Loan amount, stated rate, fees, points, term

Privacy & security

This tool runs entirely in your browser. Your data never leaves your device — nothing is uploaded to our servers.

FAQs

How is APR different from interest rate?: APR aims to include certain financing costs so the yearly cost is more comparable across offers.
Is this lender-official APR?: No. Lenders follow regulatory formulas that may differ. Use this as an educational estimate.
Do you store loan data?: No.