Annual Percentage Rate (APR) Calculator

APR Calculator
Loan Amount: $
Interest Rate:   %
Number of Payments:
Payment Frequency:  
Fees & Costs * 
Non Finance Charges(0):
To be added to the loan
Finance Charges(1):
To be added to the loan
Prepaid Finance Charges(2):
To be prepaid separately

APR: 4.8717%
Total Financial Charges: $39,930.05
Amount Financed: $199,000.00
Total Payments: $238,930.05
Total Loan: $204,500.00
Quarterly Payment: $7,964.33
Total Interest: $34,430.05
Total Financing Fees: $5,500.00

Show Loan Payment Schedule **

About this Calculator

Calculates the APR of a loan, such as a mortgage, including additional fees or points rolled into the amount borrowed. Basic APR Calculator.

Total Financial Charges = Total Interest + Total Financing Fees
Amount Financed = Total Loan - 1 - 2;
Total Loan = Loan Amount + 0 + 1;

Total Financing Fees = 1 + 2;

Financial Charges is the sum of all extra costs involved in the loan, which could include points, fees, closing costs, processing fee, etc. It's the money you borrowed that you never got.

Calculations require 3 terms to find the 4th: Loan Amount, Interest Rate, Term and Monthly Payment.  We calculate theMonthly Payment based on the actual loan amount then back calculate to a new interest rate (APR) as if this payment was made on just the amount financed.

What is APR?

The annual rate that is charged for a loan, representing the actual yearly cost of a loan. This includes "finacing charges" and any fees or additional costs associated with the loan such as closing costs or points. Although, some fees are not considered "finacing charges".  Check with your lending institution.

Amortization Calculations

** When payments and compounding have different frequencies, the Equivalent Rate will be calculated to coincide with payments.  The calculated rate will be used to create the proper loan payment schedule.


Cite this content, page or calculator as:

Furey, Edward "APR Calculator" From - Online Calculator Resource.