APR Calculator
Taking a loan isn’t just about the interest rate you see on paper. Banks and lenders often add extra charges like processing fees or points on top of the interest. That’s why looking only at the interest rate can be misleading. The better way to understand the real cost of a loan—especially a home loan—is by checking the Annual Percentage Rate (APR). The APR gives you the complete picture, including both interest and additional charges. To make this easier, here are two calculators that show you the true cost of a loan using the real APR.
General APR Calculator
$
years
months
%
$
$
Real APR: 6.563%
Effective Annual Rate
Amount Financed
$100,000.00
Upfront Out-of-Pocket Fees
$2,500.00
Payment Every Month
$1,110.21
Total of 120 Payments
$133,224.60
Total Interest
$33,224.60
All Payments and Fees
$135,724.60
Principal
74%
Interest
24%
Fees
2%
Mortgage APR Calculator
Use the calculator below for mortgage loans in the United States.
$
%
years
%
$
%
$
/year
Real APR: 6.367%
Effective Annual Rate
Loan Amount
$280,000.00
Down Payment
$70,000.00
Monthly Pay
$1,714.91
Total of 360 Payments
$617,368.73
Total Interest
$337,368.73
All Payments and Fees
$620,868.73
Principal
45%
Interest
54%
Fees
1%