BestCalculator .app

APR Calculator

The note rate stays an input. This solves the APR after the fees you list. Estimates, not a disclosure.

Loan amountThe note amount you repay. Fees are subtracted to get the amount financed.
Note rateThe interest rate on the note. It stays an input. This page solves the APR, which can be higher once fees are included.
TermLength of the loan in years. Monthly loans use 12 payments per year.
Payment frequencyA full payment each period. The periodic rate is the annual rate divided by the number of periods. Bi-weekly means 26 payments a year, not half of a monthly payment.
Origination feeA prepaid finance charge, in dollars. Leave blank for zero.
PointsDollar amount, not a percent of the loan. The page does not convert points for you.
Other feesAny other prepaid finance charges you want in the APR. A fee that is not a finance charge does not belong here.

Smart Tips

• The payment is calculated from the note rate and the full loan amount.

• Amount financed is the loan amount minus the fees you list.

• The APR is the rate that makes the present value of the payments equal that amount financed.

• List dollar fees. The page does not decide which charge is legally a finance charge.

The Formula

APR = unit-period rate × periods per year
Note= Rate you type
Sets the payment
Fees= Dollars you list
Subtracted from the loan
AF= Amount financed
Loan amount − fees
APR= Solved rate
Nominal annual rate

The unit-period rate is the rate that sets the present value of the scheduled payments, including a smaller or larger final payment from cent rounding, equal to the amount financed. That rate is multiplied by the number of payments per year. The result is shown to two decimals. With no fees, the APR matches the note rate aside from that rounding.

Key Insights

Note rate in, APR out

Loan pages on this site keep the note rate as an input. This page is the one that solves for the rate that includes fees.

Amount financed

Prepaid fees reduce what you receive, or what is advanced, while you still repay the full note.

Equal periods

Monthly uses 12 unit-periods a year, bi-weekly 26, weekly 52, quarterly 4, semi-annual 2, and annual 1.

Two decimals

The displayed APR is rounded to two decimals, the Regulation Z display for this actuarial result.

Frequently Asked Questions

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Enter values to calculate
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Note:The APR is the actuarial nominal annual rate from Regulation Z Appendix J for a single advance and the payment schedule produced by the note rate. It is an estimate, not a creditor’s disclosure.

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