Finance
APR Calculator
True annual percentage rate including fees.
Result
7.058 %
Annual Percentage Rate (APR)
Monthly payment
$386.66
Net disbursed
$19,500.00
Download results
Quick summary
Compute the Annual Percentage Rate (APR) of a loan including upfront fees, so you can compare loan offers fairly.
How to calculate apr manually
- Solves for the monthly rate x such that Net = M · (1 − (1+x)^−n)/x, then APR = x · 12.
- M is the payment from the nominal rate; Net = principal − fees.
Compute the Annual Percentage Rate (APR) of a loan including upfront fees, so you can compare loan offers fairly.
How it works
Solves for the monthly rate x such that Net = M · (1 − (1+x)^−n)/x, then APR = x · 12. M is the payment from the nominal rate; Net = principal − fees.
Example
$20,000 loan at 6% over 5 years with $500 fees → APR ≈ 6.61%.
Insight
APR vs APY: same rate, different math
How compounding frequency turns a stated APR into an effective APY.
| Stated APR | Monthly APY | Daily APY |
|---|---|---|
| 5 % | 5.116 % | 5.127 % |
| 8 % | 8.300 % | 8.328 % |
| 12 % | 12.683 % | 12.747 % |
| 18 % (CC) | 19.562 % | 19.716 % |
| 24 % (CC penalty) | 26.824 % | 27.115 % |
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