APR Calculator

📊 APR Calculator

Calculate the true cost of borrowing including all fees

Loan Amount ($)

Interest Rate (%)

Loan Term (Years)

Loan Fees and Costs

Loan Type

APR considers all costs: interest + fees + closing costs

📈 APR Analysis

True cost of borrowing with detailed breakdown

Enter loan details to calculate APR

📊 Interest Rate vs APR

Compare stated rate with true APR

🌐 3D Cost Visualization

Interactive view of loan costs and fees

Use mouse to rotate and zoom

APR Guide

Understanding Annual Percentage Rate and true borrowing costs

APR (Annual Percentage Rate) represents the true yearly cost of borrowing, including interest rate plus all fees and costs. Unlike the stated interest rate, APR provides a standardized way to compare loan offers by factoring in origination fees, points, and other charges.

True Cost

APR includes all fees and costs, not just the interest rate

Loan Comparison

Use APR to accurately compare different loan offers

Legal Requirement

Lenders must disclose APR by law for consumer protection

Hidden Costs

APR reveals fees that aren't included in the interest rate

When comparing loans, always look at APR rather than just the interest rate. A loan with a lower interest rate might have a higher APR due to fees. APR is especially important for mortgages, where closing costs and points can significantly impact the true cost.