APR Calculator
Find the true annual cost of a loan including fees.
True APR
8.29%
vs. 7.00% sticker rate
You receive
$19,400
Monthly payment
$396.02
Cost of fees
1.29%
Rate vs. APR
The interest rate prices the borrowing; APR folds upfront fees into that rate, answering what the loan really costs per year. Lenders must disclose APR precisely so offers with different fee structures can be compared on one number.
Fees hurt short loans most
A $600 fee on a 5-year loan adds about 0.6 points of APR — the same fee on a 2-year loan adds roughly triple that, because it's amortized over fewer payments. When comparing offers, match the term first, then compare APRs.
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