ConvertOnlineAPR Calculator: Interest Rate, Fees and Loan Cost
Report source: https://convertonline.org/calculators/apr-calculator
Estimate how points and finance charges change the annualized cost of a fixed-rate closed-end loan. This planning result is not an official Truth in Lending disclosure.
Calculations run in your browser. Your balances, account labels, and other financial inputs are not uploaded or stored.
APR Calculator
Estimated annual percentage rate
Detailed results
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How the apr calculator works
Estimated APR is the annualized monthly rate that makes the present value of scheduled payments equal the loan amount received after prepaid finance charges.
Official disclosures may classify fees differently and apply regulatory tolerances, so treat this as an estimate.
How to use this calculator
- Enter the balances, rates, payments, and dates from your latest statements.
- Review optional assumptions, then compare the primary result and total cost.
- Open the schedule to verify the payoff path before printing or saving a PDF.
Assumptions and limitations
- The loan is fixed rate with equal monthly payments and no irregular first period.
- Points and prepaid charges reduce net proceeds; financed fees increase the payment balance.
- Taxes, optional products, late fees, and lender-specific disclosure rules are excluded.
Sources and further reading
Worked example
Example: $10,000 loan with points and fees
A 36-month $10,000 loan at a 6% note rate, with two points, $100 prepaid charges, and $300 financed fees, produces $9,700 in net proceeds.
The estimated payment is $313.35 and the modeled APR is about 10.08%.
Frequently asked questions
Why is APR higher than the note rate?
Included prepaid and financed charges can increase the annualized cost relative to interest alone.
Is this an official disclosed APR?
No. It is an estimate for a simple fixed-payment loan; the lender disclosure controls.
What are points?
One point equals 1% of the stated loan amount. Points paid upfront reduce net proceeds in this estimate.
This calculator provides an estimate for planning and education. It is not a lender disclosure, credit counseling, legal advice, tax advice, or a promise of eligibility or savings.