Estimate a loan’s fee-adjusted annual percentage rate, scheduled payment, total interest, and total borrowing cost. Add upfront or financed fees, choose a payment schedule, and compare a second offer.
Loan details
Your estimate
Annualized from the periodic cash-flow rate. This estimate is for comparing similar fixed-payment offers.
Enter the loan terms and select Calculate APR to see your estimate.
Results assume equal payments, a fixed rate, and no missed or extra payments. Lender disclosures may use different rules.
Payment schedule
Review how each payment is divided between interest and principal. The table updates when you recalculate.
| Year | Payments | Interest | Principal | Ending balance |
|---|---|---|---|---|
| Calculate APR to build your schedule. | ||||
About APR and loan costs
APR is intended to express the yearly cost of borrowing, including interest and certain fees. A loan’s stated interest rate describes the rate charged on its balance; APR can be higher when fees reduce the cash you receive or increase the amount you repay. Comparing APRs can help when offers use similar terms and assumptions.
How to use this APR calculator
- Enter the amount borrowed, stated annual interest rate, and repayment term.
- Select how often payments are made and enter any fees paid upfront or financed into the loan.
- Choose Calculate APR. Optionally enable the second-offer comparison to compare payment size, total cost, and estimated APR.
- Use the schedule selector to review yearly totals or each payment.
How is the fee-adjusted APR estimated?
The calculator first estimates equal payments using the entered nominal annual interest rate divided by the selected payment periods per year. It then solves for the periodic cash-flow rate that makes the present value of those payments equal to the net amount received after upfront fees. The periodic rate is multiplied by payment periods per year to show a nominalized annual APR; the effective annual equivalent is shown separately.
What is the difference between interest rate and APR?
The interest rate applies to the loan balance. APR is a broader annualized cost measure that may include certain fees. The exact fees and calculation rules included in a legally disclosed APR depend on the loan product and applicable rules.
Why do financed fees and upfront fees work differently?
Fees added to the loan increase the amount used to calculate scheduled payments. Fees paid upfront reduce the cash proceeds available to the borrower while scheduled payments remain based on the loan balance. Both can affect estimated APR and total borrowing cost.
Can I use this result as an official APR disclosure?
No. This is a general planning estimate, not a lender disclosure, quote, or legal APR determination. Actual APR can depend on fee definitions, timing, irregular payment dates, compounding conventions, and local regulations. Review the lender’s official documents.
How should I compare two loan offers?
Compare offers with the same amount, term, payment frequency, and fee assumptions. Review estimated APR alongside payment size, total paid, and fees. A lower payment may come from a longer term and may increase total interest.