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APR Calculator

Calculate the true annual percentage rate including all loan fees

Currency
Loan Details
0%15%
Fees & Costs

Lender processing fee

0 points4 points

Broker, underwriting, processing fees

Per diem interest until first payment

Upfront MIP (if applicable)

APR

0%

True cost of borrowing
Nominal Rate

0%

Advertised rate
Rate Difference

+0%

0 basis points
Total Fees

$0.00

Rate Comparison
Nominal Rate

%

vs
APR

%

The APR is basis points higher than the nominal rate due to fees.

Fee Breakdown (Included in APR)
Origination Fee(0.0%)
$0.00
Discount Points(0.0%)
$0.00
Other Fees(0.0%)
$0.00
Cost Analysis
Monthly Payment

$0.00

Total Interest

$0.00

Total Loan Cost

$0.00

Net Loan Amount

$0.00

Cost per $1,000 Borrowed

$0.00

Fees as % of Loan

%

Effective Rates
Effective Annual Rate

%

Monthly Rate (APR)

%

Daily Rate

%

Understanding APR vs Interest Rate

  • - APR (Annual Percentage Rate) includes both the interest rate and most loan fees
  • - The nominal interest rate is what you pay on the loan balance itself
  • - APR is always higher than the nominal rate when there are fees
  • - Use APR to compare different loan offers on an apples-to-apples basis
  • - NOT included in APR: appraisal, title insurance, recording fees, survey
  • - Discount points reduce your rate but increase APR - worth it for long-term stays