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RealCostIQ

APR Calculator

Educational calculators — always consult a licensed professional before making financial decisions.

What is your loan amount?

The principal you're borrowing (not including fees).

$
$10K$5M
What is the quoted interest rate?

The nominal rate on your loan offer — not the APR.

%
0.1%20%
What is the loan term?

Most common. Fees amortized over longest period; APR only slightly above note rate.

Origination / underwriting fee?

Lender fee from Section A of your Loan Estimate. Enter 0 if none.

$
$0$50K
Discount points paid?

Each point = 1% of the loan. Enter 0 if no points.

%
0%10%
Other prepaid finance charges?

Broker fees, upfront MIP/VA funding fee, prepaid interest. Enter 0 if none.

$
$0$50K

True APR

6.80%

Quoted rate: 6.75% · Fees add 0.05%

Monthly payment$2,076
Total fees in APR$1,500
Total interest (nominal)$427,185
Total cost (interest + fees)$428,685

Healthy fee spread

A 0.05% spread between rate and APR is normal. Fees are reasonable relative to your loan size.

APR vs Rate

Quoted interest rate6.750%
Fee impact+0.046%
True APR6.796%

For educational purposes only. These results are estimates. Always verify with your lender for accurate rates, fees, and payment figures.

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APR Calculator is built and maintained by the RealCostIQ editorial team. Cost ranges and rates are checked against published industry data and contractor quotes, and revised when the underlying figures move. Read our data methodology or more about who builds this. Every calculation runs in your browser — no account, and none of your inputs are stored.

Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.