APR Calculator
Educational calculators — always consult a licensed professional before making financial decisions.
Your loan offer
The principal you borrow, before any fees are added. Fees count against it in the APR, not on top of it.
The note rate on the offer — not the APR printed beside it. That APR is what this works out.
Fees are spread across every payment, so a longer term pulls the APR closer to the quoted rate.
Most common. Fees amortized over longest period; APR only slightly above note rate.
Take these from your Loan Estimate: lender charges in Section A, and anything else the lender counts as a prepaid finance charge. Enter 0 for any you are not paying.
Lender fee from Section A of your Loan Estimate. Enter 0 if none.
Each point = 1% of the loan. Enter 0 if no points.
Broker fees, upfront MIP/VA funding fee, prepaid interest. Enter 0 if none.
Total fees in APR $1,500
True APR
6.80%
Quoted rate: 6.75% · Fees add 0.05%
Healthy fee spread
A 0.05% spread between rate and APR is normal. Fees are reasonable relative to your loan size.
APR vs Rate
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.