APR Calculator

Calculate the true cost of borrowing including fees and additional charges

Loan Amount ($)

Interest Rate (%)

Loan Term (months)

Origination Fee ($)

Other Fees ($)

Understanding APR

Key components of APR:

Interest rate - The basic cost of borrowing
Origination fees - Charges for processing the loan
Other fees - Additional charges and closing costs
Loan term - Length of the loan affects total cost
Payment frequency - How often payments are made

Note: APR provides a more complete picture of borrowing costs than the interest rate alone. It includes fees and charges beyond interest, helping you compare different loan offers more accurately. Always review all loan terms and conditions carefully.