APR Calculator

Calculate the true Annual Percentage Rate (APR) of a loan including origination fees, points, and closing costs. APR shows the real cost of borrowing — always higher than the stated interest rate.

True APR Calculator

APR vs Interest Rate

Interest Rate: cost of borrowing the principal only APR: interest rate + fees + points amortized over loan term A loan with 6.5% rate and $4,000 in fees on a $200,000 30-year mortgage has an APR of roughly 6.73%. Always compare APR (not just rate) when shopping loans. Lower fees = APR closer to the stated rate.

Frequently Asked Questions

What's included in APR?+
APR includes the interest rate plus most fees: origination fees, mortgage broker fees, mortgage points, and most closing costs. It does NOT typically include: appraisal fees, credit report fees, title insurance, or third-party fees. Always check what each lender includes in their APR calculation.
Should I choose the lowest APR?+
Not always. A lower APR loan with higher fees is best if you keep the loan long-term. A slightly higher APR with lower fees is better if you plan to sell or refinance within a few years. Calculate the break-even point: divide the fee savings by the monthly payment difference to find how many months until you break even.

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About the Apr Calculator

This free apr calculator helps you get accurate results instantly without needing to work through the math manually. Whether you need a quick estimate or a precise figure, having a reliable tool on hand saves time and reduces errors compared to manual calculation.

How to Use This Calculator

  1. Enter your values in the input fields above. Each field is labeled to guide you.
  2. Double-check your inputs — results are only as accurate as the numbers you enter.
  3. Click the Calculate button to see your result instantly.
  4. Use the result for your planning, budgeting, or decision-making.

Why Accurate Calculations Matter

Small errors in math calculations can compound into significant problems. A 1% miscalculation in a budget or measurement can translate to hundreds or thousands of dollars in wasted resources, or result in having to redo work entirely. This calculator uses the standard formulas and methods to give you reliable results you can trust.

Tips for Getting the Best Results

Frequently Asked Questions

Is this calculator free? Yes — completely free with no account, login, or payment required. Use it as many times as you need.

How accurate are the results? This calculator uses the standard formulas for apr calculations. Results are accurate for typical use cases. For specialized or high-stakes applications, consult a professional.

Does it work on mobile? Yes. This calculator is fully responsive and works on smartphones, tablets, and desktops.