APR Calculator

Calculate the true Annual Percentage Rate (APR) including all loan fees and points.

Loan Details

Loan Amount$300,000

$10,000$1,000,000

Stated Interest Rate6.500%

0.000%15.000%

Loan Term

Fees & Points

Origination Fee

Discount Points0.000 points ($0)

0.000 points ($0)5.000 points ($15,000)

Other Fees (Title, Appraisal, etc.)

The APR of 6.662% is 0.162% higher than the stated interest rate of 6.500%. This difference represents the true cost of fees spread over the loan term.

Rate Comparison

Stated Interest Rate6.500%Advertised rate

True APR6.662%Including all fees

APR Difference+0.162%Cost of fees

Monthly Payment$1,896.2

Cost Summary

Loan Amount$300,000

Total Fees$5,000

Amount Financed$295,000What you actually receive

Total Interest$382,633.47

Total of Payments$682,633.47

Total Loan Cost$687,633.47Payments + Fees

True APR

Annual Percentage Rate

6.662%

vs 6.500% stated rate

Total Loan Cost

Principal

$300,000

Total Interest

$382,633.47

Fees & Points

$5,000

Fees Breakdown

Origination Fee

$3,000

Other Fees

$2,000

Embed This Calculator

Add this apr calculator to your website, blog, or WordPress site for free. No signup required.

Get Embed Code

Disclaimer

This calculator is provided for informational purposes only. Results are estimates based on the information you provide. Always consult with a qualified financial professional before making important financial decisions.