Free calculator

APR Calculator

The interest rate is what the lender charges; the APR also includes origination fees and prepaid finance charges. APR is the only number that lets you compare two loan offers apples to apples.

Loan amount (face)

Amount you sign for before fees are taken out.

Stated interest rate

The headline rate the lender advertises.

Term (months)

Origination fee

Fees deducted from the disbursement, as a percent of the loan.

Why APR matters. The interest rate ignores upfront fees. APR rolls those fees into a single annualized cost so two loan offers can be compared on equal footing — federal truth-in-lending law requires lenders to disclose it.

True APR

13.55%

APR vs stated rate

+3.56 pts

Cash you actually receive

$9,500

Origination fee

$500

Monthly payment

$323

Stated rate

9.99%

This calculator provides general loan projections only and is not individualized financial advice or a loan offer. Confirm actual APR, fees, and terms with your lender before borrowing.