APR Calculator (Real Cost of a Loan with Fees)
APR calculator: the real annual cost of a loan when upfront fees are included, from the loan amount, nominal rate, term and fees.
L − fees = M · 1 − (1 + APR/12)−nAPR/12
How to use this calculator
- Type your input in the box.
- The result updates as you type.
- Use “Copy result” or “Copy link” to share it.
Fees reduce the money you actually receive while the payment stays the same, so the true rate (APR) is higher than the nominal rate.
Compare loans by APR, not by the advertised rate.
Estimates for planning only; not financial advice. Your lender’s or provider’s figures may differ.
Frequently asked questions
$20,000 at 7 % for 5 years with $600 in fees?
Payment $396.02; the APR is about 8.29 %.
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