APR Calculator

Calculate the true cost of your loan with Annual Percentage Rate

📊 General APR Calculator

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🏠 Mortgage APR Calculator

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📊 APR Results

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Enter your loan details and click "Calculate APR" to see your results.

Understanding APR

The APR is an all-inclusive, annualized cost indicator of a loan. It includes interest as well as fees and other charges that borrowers will have to pay.

Borrowers often confuse APR with the interest rate. The interest rate is the amount of compensation per period for borrowing money and includes the cost of principal only.

While valid, interest rates do not offer the accuracy needed to determine which rate from which lender amounts to the best deal. Since the APR includes both interest and fees, it addresses this challenge by factoring into the interest rate and other additional costs associated with the loan.

Fees Usually Included in APR

  • • Administration fees
  • • Application fees
  • • Mortgage insurance
  • • Mortgage broker fees
  • • Audit fees
  • • Certain closing fees
  • • Escrow fees
  • • Origination points
  • • Discount points
  • • Processing fees
  • • Refinance fees
  • • Underwriting fees

Fees Usually Exempt from APR

  • • Appraisal fees
  • • Survey fees
  • • Title insurance and fees
  • • Builder warranties
  • • Pre-paid items on escrow balances
  • • Intangible taxes