APR Calculator
Calculate the true annual cost of a loan including all fees.
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%
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Include origination fees, points, closing costs, etc.
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What's Included in APR?
✓ Typically Included
- • Interest charges
- • Origination fees
- • Discount points
- • Mortgage broker fees
- • Closing costs
✗ Usually Excluded
- • Title insurance
- • Appraisal fees
- • Credit report fees
- • Notary fees
- • Prepaid items (taxes, insurance)
APR vs Interest Rate Example
$200,000 loan for 30 years
| Loan | Interest Rate | Fees | APR | True Cost |
|---|---|---|---|---|
| Loan A | 6.00% | $8,000 | 6.27% | $439,465 |
| Loan B | 6.25% | $2,000 | 6.32% | $445,377 |
| Loan C | 6.50% | $0 | 6.50% | $455,089 |
Key insight: The lowest interest rate isn't always the best deal. Compare APR to see the true cost.
Najczęściej zadawane pytania
What is APR?
APR (Annual Percentage Rate) is the total yearly cost of borrowing, including interest rate plus fees, expressed as a percentage. It helps compare loans with different fee structures.
How is APR different from interest rate?
Interest rate is just the cost of borrowing the principal. APR includes the interest rate PLUS other costs like origination fees, closing costs, and points, giving you the true cost.
Why is APR higher than interest rate?
APR is typically higher because it includes additional fees and costs. A loan with 6% interest and $2,000 in fees will have a higher APR than 6%.