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Calculate the true cost of your loan including all fees and charges. Compare APR vs interest rate instantly.
Get a detailed PDF with all calculations
Fee Assessment
✓ Low fee structure
This loan has minimal fees, making it a competitive offer. The APR closely matches the interest rate, indicating transparency and value.
Compare Multiple Lenders
Shop around for at least 3-5 offers to find the best APR
Watch the Difference
Large gap between APR and rate means high fees
Negotiate Fees
Many lender fees are negotiable - don't be afraid to ask
Consider Your Timeline
APR matters more if you keep the loan for full term
Improve Your Credit
Higher credit score = lower APR and better terms
Important Note:
This calculator provides estimates based on standard APR calculations. Actual APR may vary based on lender-specific factors. Always verify APR with your lender and review the Loan Estimate form carefully.
APR (Annual Percentage Rate) is the total annual cost of borrowing money, expressed as a percentage. Unlike the interest rate, which only reflects the cost of borrowing the principal, APR includes the interest rate plus all additional fees and charges associated with the loan.
This makes APR a more accurate representation of what you'll actually pay and the best metric for comparing loan offers from different lenders. Federal law requires lenders to disclose APR, ensuring transparency in lending practices.
Get accurate APR calculations in seconds
See all fees and charges itemized
Compare multiple loan scenarios side-by-side
Get recommendations on fee levels
Input your loan amount, interest rate, and loan term (10, 15, 20, or 30 years).
Enter origination fees and discount points as percentages. The calculator will show dollar amounts automatically.
Add all applicable closing costs like application fees, appraisal, title insurance, and recording fees.
View your APR, compare it with the interest rate, and explore different loan scenarios in the comparison tab.
A credit score above 740 can save you thousands. Pay bills on time, reduce debt, and check for errors on your credit report.
Compare APRs from at least 3-5 lenders. Even a 0.25% difference can save thousands over the loan term.
Many lender fees are negotiable. Ask about reducing or waiving origination fees, application fees, and processing charges.
Our APR calculator uses industry-standard formulas that comply with the Truth in Lending Act (TILA) regulations. All calculations are verified against federal lending standards to ensure accuracy and reliability.
The calculator methodology has been reviewed by financial professionals and follows the same APR calculation methods used by major financial institutions and required by federal law for loan disclosures.
For additional information about APR regulations and consumer lending rights, refer to these official sources:
Federal agency providing official guidance on APR calculations and consumer lending protections
Consumer protection agency with resources on understanding loan terms and comparing offers
Federal regulation establishing standardized APR disclosure requirements for all lenders
Disclaimer: This calculator provides estimates for educational purposes. Actual APR may vary based on lender-specific fees, closing date, and state regulations. Always review your official Loan Estimate document for precise APR calculations from your lender.
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