APR Calculator

Calculate the true Annual Percentage Rate including all fees. See the real cost of borrowing.

Loan Amount ($)

Nominal Interest Rate (%)

Upfront Fees ($)

Loan Term (years)

Nominal Rate

6.00%

True APR

6.84%

+0.84% higher than nominal

Monthly Payment

$483.32

Total Interest

$3,999.20

Total Cost

$29,499.20

Total Cost Breakdown

Principal$25,000.00

Interest$3,999.20

Fees$500.00

What is APR? The Annual Percentage Rate includes the nominal interest rate plus fees, giving you the true cost of borrowing. A loan with a low rate but high fees can have a higher APR than one with a slightly higher rate and no fees.