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Online APR Calculator
Calculate the Annual Percentage Rate (APR) of your loan with our easy-to-use online APR calculator. Determine the true yearly cost of borrowing including interest and fees quickly and accurately.
Result
| Real APR ($) | 5.219% |
|---|---|
| Amount Financed ($) | 100,000.00 |
| Upfront Out-of-Pocket Fees ($) | 1,000.00 |
| Payment Every Month ($) | 1,060.66 |
| Total Payments ($) (120) | 127,278.62 |
| Total Interest ($) | 27,278.62 |
| All Payments and Fees ($) | 128,278.62 |
| Real APR ($) | 5.848% |
|---|---|
| Loan Amount ($) | 280,000.00 |
| Down Payment ($) | 70,000.00 |
| Monthly Pay ($) | 3,038.74 |
| Total Payments ($) (120) | 364,648.80 |
| Total Interest ($) | 84,648.13 |
| PMI Insurance (0 months) ($) | 0.00/month |
| Total PMI Insurance Payments ($) | 0.00 |
| All Payments and Fees ($) | 367,648.80 |
Interest
Principal
Fees
| months | BEGINNING BALANCE ($) | INTEREST ($) | PRINCIPAL ($) | ENDING BALANCE ($) |
|---|---|---|---|---|
| 1 | 100,000.00 | 416.67 | 643.99 | 99,356.01 |
| 2 | 99,356.01 | 413.98 | 646.67 | 98,709.34 |
| 3 | 98,709.34 | 411.29 | 649.37 | 98,059.97 |
| 4 | 98,059.97 | 408.58 | 652.07 | 97,407.90 |
| 5 | 97,407.90 | 405.87 | 654.79 | 96,753.11 |
| 6 | 96,753.11 | 403.14 | 657.52 | 96,095.60 |
| 7 | 96,095.60 | 400.40 | 660.26 | 95,435.34 |
| 8 | 95,435.34 | 397.65 | 663.01 | 94,772.33 |
| 9 | 94,772.33 | 394.88 | 665.77 | 94,106.56 |
| 10 | 94,106.56 | 392.11 | 668.54 | 93,438.02 |
| 11 | 93,438.02 | 389.33 | 671.33 | 92,766.69 |
| 12 | 92,766.69 | 386.53 | 674.13 | 92,092.56 |
| 13 | 92,092.56 | 383.72 | 676.94 | 91,415.62 |
| 14 | 91,415.62 | 380.90 | 679.76 | 90,735.87 |
| 15 | 90,735.87 | 378.07 | 682.59 | 90,053.28 |
| 16 | 90,053.28 | 375.22 | 685.43 | 89,367.84 |
| 17 | 89,367.84 | 372.37 | 688.29 | 88,679.55 |
| 18 | 88,679.55 | 369.50 | 691.16 | 87,988.40 |
| 19 | 87,988.40 | 366.62 | 694.04 | 87,294.36 |
| 20 | 87,294.36 | 363.73 | 696.93 | 86,597.43 |
| 21 | 86,597.43 | 360.82 | 699.83 | 85,897.60 |
| 22 | 85,897.60 | 357.91 | 702.75 | 85,194.85 |
| 23 | 85,194.85 | 354.98 | 705.68 | 84,489.17 |
| 24 | 84,489.17 | 352.04 | 708.62 | 83,780.56 |
| 25 | 83,780.56 | 349.09 | 711.57 | 83,068.99 |
| 26 | 83,068.99 | 346.12 | 714.53 | 82,354.45 |
| 27 | 82,354.45 | 343.14 | 717.51 | 81,636.94 |
| 28 | 81,636.94 | 340.15 | 720.50 | 80,916.44 |
| 29 | 80,916.44 | 337.15 | 723.50 | 80,192.94 |
| 30 | 80,192.94 | 334.14 | 726.52 | 79,466.42 |
| 31 | 79,466.42 | 331.11 | 729.55 | 78,736.87 |
| 32 | 78,736.87 | 328.07 | 732.58 | 78,004.29 |
| 33 | 78,004.29 | 325.02 | 735.64 | 77,268.65 |
| 34 | 77,268.65 | 321.95 | 738.70 | 76,529.95 |
| 35 | 76,529.95 | 318.87 | 741.78 | 75,788.17 |
| 36 | 75,788.17 | 315.78 | 744.87 | 75,043.30 |
| 37 | 75,043.30 | 312.68 | 747.97 | 74,295.32 |
| 38 | 74,295.32 | 309.56 | 751.09 | 73,544.23 |
| 39 | 73,544.23 | 306.43 | 754.22 | 72,790.01 |
| 40 | 72,790.01 | 303.29 | 757.36 | 72,032.65 |
| 41 | 72,032.65 | 300.14 | 760.52 | 71,272.13 |
| 42 | 71,272.13 | 296.97 | 763.69 | 70,508.44 |
| 43 | 70,508.44 | 293.79 | 766.87 | 69,741.57 |
| 44 | 69,741.57 | 290.59 | 770.07 | 68,971.51 |
| 45 | 68,971.51 | 287.38 | 773.27 | 68,198.23 |
| 46 | 68,198.23 | 284.16 | 776.50 | 67,421.74 |
| 47 | 67,421.74 | 280.92 | 779.73 | 66,642.00 |
| 48 | 66,642.00 | 277.68 | 782.98 | 65,859.02 |
| 49 | 65,859.02 | 274.41 | 786.24 | 65,072.78 |
| 50 | 65,072.78 | 271.14 | 789.52 | 64,283.26 |
| 51 | 64,283.26 | 267.85 | 792.81 | 63,490.46 |
| 52 | 63,490.46 | 264.54 | 796.11 | 62,694.34 |
| 53 | 62,694.34 | 261.23 | 799.43 | 61,894.91 |
| 54 | 61,894.91 | 257.90 | 802.76 | 61,092.16 |
| 55 | 61,092.16 | 254.55 | 806.10 | 60,286.05 |
| 56 | 60,286.05 | 251.19 | 809.46 | 59,476.59 |
| 57 | 59,476.59 | 247.82 | 812.84 | 58,663.75 |
| 58 | 58,663.75 | 244.43 | 816.22 | 57,847.53 |
| 59 | 57,847.53 | 241.03 | 819.62 | 57,027.90 |
| 60 | 57,027.90 | 237.62 | 823.04 | 56,204.87 |
| 61 | 56,204.87 | 234.19 | 826.47 | 55,378.40 |
| 62 | 55,378.40 | 230.74 | 829.91 | 54,548.49 |
| 63 | 54,548.49 | 227.29 | 833.37 | 53,715.12 |
| 64 | 53,715.12 | 223.81 | 836.84 | 52,878.27 |
| 65 | 52,878.27 | 220.33 | 840.33 | 52,037.94 |
| 66 | 52,037.94 | 216.82 | 843.83 | 51,194.11 |
| 67 | 51,194.11 | 213.31 | 847.35 | 50,346.77 |
| 68 | 50,346.77 | 209.78 | 850.88 | 49,495.89 |
| 69 | 49,495.89 | 206.23 | 854.42 | 48,641.47 |
| 70 | 48,641.47 | 202.67 | 857.98 | 47,783.49 |
| 71 | 47,783.49 | 199.10 | 861.56 | 46,921.93 |
| 72 | 46,921.93 | 195.51 | 865.15 | 46,056.78 |
| 73 | 46,056.78 | 191.90 | 868.75 | 45,188.03 |
| 74 | 45,188.03 | 188.28 | 872.37 | 44,315.66 |
| 75 | 44,315.66 | 184.65 | 876.01 | 43,439.65 |
| 76 | 43,439.65 | 181.00 | 879.66 | 42,560.00 |
| 77 | 42,560.00 | 177.33 | 883.32 | 41,676.67 |
| 78 | 41,676.67 | 173.65 | 887.00 | 40,789.67 |
| 79 | 40,789.67 | 169.96 | 890.70 | 39,898.97 |
| 80 | 39,898.97 | 166.25 | 894.41 | 39,004.56 |
| 81 | 39,004.56 | 162.52 | 898.14 | 38,106.43 |
| 82 | 38,106.43 | 158.78 | 901.88 | 37,204.55 |
| 83 | 37,204.55 | 155.02 | 905.64 | 36,298.91 |
| 84 | 36,298.91 | 151.25 | 909.41 | 35,389.50 |
| 85 | 35,389.50 | 147.46 | 913.20 | 34,476.30 |
| 86 | 34,476.30 | 143.65 | 917.00 | 33,559.30 |
| 87 | 33,559.30 | 139.83 | 920.82 | 32,638.48 |
| 88 | 32,638.48 | 135.99 | 924.66 | 31,713.81 |
| 89 | 31,713.81 | 132.14 | 928.51 | 30,785.30 |
| 90 | 30,785.30 | 128.27 | 932.38 | 29,852.92 |
| 91 | 29,852.92 | 124.39 | 936.27 | 28,916.65 |
| 92 | 28,916.65 | 120.49 | 940.17 | 27,976.48 |
| 93 | 27,976.48 | 116.57 | 944.09 | 27,032.39 |
| 94 | 27,032.39 | 112.63 | 948.02 | 26,084.37 |
| 95 | 26,084.37 | 108.68 | 951.97 | 25,132.40 |
| 96 | 25,132.40 | 104.72 | 955.94 | 24,176.47 |
| 97 | 24,176.47 | 100.74 | 959.92 | 23,216.55 |
| 98 | 23,216.55 | 96.74 | 963.92 | 22,252.63 |
| 99 | 22,252.63 | 92.72 | 967.94 | 21,284.69 |
| 100 | 21,284.69 | 88.69 | 971.97 | 20,312.72 |
| 101 | 20,312.72 | 84.64 | 976.02 | 19,336.70 |
| 102 | 19,336.70 | 80.57 | 980.09 | 18,356.62 |
| 103 | 18,356.62 | 76.49 | 984.17 | 17,372.45 |
| 104 | 17,372.45 | 72.39 | 988.27 | 16,384.18 |
| 105 | 16,384.18 | 68.27 | 992.39 | 15,391.79 |
| 106 | 15,391.79 | 64.13 | 996.52 | 14,395.27 |
| 107 | 14,395.27 | 59.98 | 1,000.67 | 13,394.59 |
| 108 | 13,394.59 | 55.81 | 1,004.84 | 12,389.75 |
| 109 | 12,389.75 | 51.62 | 1,009.03 | 11,380.72 |
| 110 | 11,380.72 | 47.42 | 1,013.24 | 10,367.48 |
| 111 | 10,367.48 | 43.20 | 1,017.46 | 9,350.02 |
| 112 | 9,350.02 | 38.96 | 1,021.70 | 8,328.33 |
| 113 | 8,328.33 | 34.70 | 1,025.95 | 7,302.37 |
| 114 | 7,302.37 | 30.43 | 1,030.23 | 6,272.15 |
| 115 | 6,272.15 | 26.13 | 1,034.52 | 5,237.62 |
| 116 | 5,237.62 | 21.82 | 1,038.83 | 4,198.79 |
| 117 | 4,198.79 | 17.49 | 1,043.16 | 3,155.63 |
| 118 | 3,155.63 | 13.15 | 1,047.51 | 2,108.13 |
| 119 | 2,108.13 | 8.78 | 1,051.87 | 1,056.25 |
| 120 | 1,056.25 | 4.40 | 1,056.25 | 0.00 |
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What Is This Tool?
This tool helps you estimate the Annual Percentage Rate (APR), which represents the yearly cost of borrowing money including both interest and mandatory fees. By inputting your loan details, you receive a simplified APR approximation to understand your true borrowing costs.
How to Use This Tool?
- Enter the loan principal amount (P)
- Input the total amount paid over the loan term (A)
- Provide any additional mandatory fees included in the loan (F)
- Specify the loan term in years (t)
- Click the calculate button to obtain the APR estimate
- Review your APR result representing the annual cost of borrowing
Key Features
- Calculates APR using principal, total amount paid, fees, and loan term
- Includes both interest and mandatory fees in finance charge calculation
- Provides a clear and approximate annualized cost of borrowing
- User-friendly, browser-based calculator
- Fast and easy to use with straightforward inputs
Examples
- For a loan with principal $5,000, total paid $5,600, fees $100, and term 2 years, finance charges C = (5600 - 5000) + 100 = 700. Then, APR ≈ (700 / (5000 × 2)) × 100 = 7%.
Common Use Cases
- Compare loan offers to determine the true cost of borrowing
- Evaluate credit card APRs including fees and interest
- Assess mortgage loan rates with both interest and mandatory fees
- Make informed financial decisions by understanding total borrowing costs
Tips & Best Practices
- Ensure all fees are included in the input to improve accuracy
- Use the loan term in years for correct calculation
- Double-check totals for principal and amount paid before calculation
- Remember this is an approximation; exact APR depends on lender methodology
Limitations
- Does not account for exact payment timing or amortization schedules
- May vary from lender-disclosed APR because it excludes compounding effects
- Irregular or non-mandatory fees are not included in this calculation
- Results are approximate and intended for general estimation only
Frequently Asked Questions
- What does APR represent in this calculation?
- APR represents the true annual cost of borrowing including both interest and mandatory fees, expressed as a percentage.
- Can this tool calculate the exact APR disclosed by lenders?
- No, this tool provides a close approximation but may not match lender-disclosed APR as it does not consider payment timing or compounding specifics.
- What inputs do I need to use this calculator?
- You need the loan principal amount, total amount paid over the loan term, any mandatory fees, and the loan term in years.
Key Terminology
- APR
- Annual Percentage Rate representing the yearly cost of borrowing including interest and fees.
- Loan principal (P)
- The original amount of money borrowed before interest and fees.
- Total amount paid (A)
- The full sum paid over the life of the loan, including all fees and interest.
- Mandatory fees (F)
- Additional compulsory fees included in the loan calculation.
- Total finance charges (C)
- The sum of interest and mandatory fees charged over the loan term.
- Loan term (t)
- The length of time, in years, over which the loan is repaid.