Annual Percentage Rate (APR) Calculator with Fees - Real APR & Amortization

Calculate the real APR of any loan with fees. Instantly compare mortgage, personal, or auto loan offers. Includes amortization table and visual breakdown of principal, interest & fees.

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Knowing the Real Cost of Your Loan APR.

Full Guide + Free APR calculator (With Fees and Amortization Schedule).
When you borrow money in the form of a loan, be it a mortgage, personal loan, car finance, or balance transfer credit card, the interest rate you look at in adverts is almost never the whole story.
That is where the Annual Percentage Rate (APR) is involved.
APR informs you of the actual annual cost of borrowing money, not only in terms of interest rate, but also in the majority of the fees you pay either in advance or throughout the loan life. Being aware of the actual APR can save (or cost) you thousands of dollars, but most borrowers do not add up their own.

That is why we have created this totally free, no-signup Real APR Calculator that calculates instantly on your web, even when offline. It is as precise as the professional version (such as that on calculator.net) and even offers an enhanced feature of displaying you a color breakdown of three parts: Principal, Interest, and Fees.

What Is APR and Why Does It Matter?

The Annual Percentage Rate (APR) is a standardized method, in which the lenders are mandated (in most countries) to indicate the overall cost of credit for a given period of one year.
Think of it this way:
Interest Rate = the cost of borrowing the money itself.
APR = interest rate + impact of the initial fee, points, origination fee, and even certain closing fees.
Example:
An interest rate of 6 is given to a loan of $100,000 with a 6 percent interest over the 10 years of the loan, plus upfront charges of $2,500, which have an APR of 6.563. The difference therein contributes to actual money.
During the life of such a loan, you will be paying more than that of borrowing at 6.563% without any fee.

Fixed-Rate vs. Variable APR, and “Representative” APR

Fixed-rate APR stays the same for the entire loan term (most mortgages and personal loans).
Variable APR can change with market rates (common with credit cards and some home equity lines).
Representative APR (common in the UK and EU) is the rate at least 51% of approved applicants receive. The rate you actually get might be higher.
Our calculator focuses on fixed-rate loans because that's what most people need when shopping for mortgages, auto loans, or debt consolidation.

What Fees Are Included in APR?

According to U.S. Truth in Lending Act (Regulation Z) and similar rules worldwide, the following are typically folded into the APR calculation:
Origination fees / points
Processing or underwriting fees
Document preparation fees
Private mortgage insurance (PMI) if rolled into the loan
Credit life insurance (if required)
Some closing costs (but not all—things like appraisal fees or title insurance are often excluded)
Our calculator lets you separate Upfront Out-of-Pocket Fees (most common) from Loaned Fees (fees added to the loan balance) so you get the most accurate result possible.

Real-World Example:

Suppose you are looking at a $300,000 mortgage. You are quoted 6.25 by a lender, which would sound good on paper. However, they have a snag: they are charging you 6,000 in initial charges (points) to be able to obtain such a rate.

Although it appears to be a 6.25% loan, the initial fee actually increases your actual cost of your APR to 6.432.

That may not make much of a difference, but in the long run of 30 years, that fraction of a percent will cost you an extra $11847. That is why you should be careful when you shop around; the lender in question that says the lowest rate may be the most expensive after you check the fees. This tool can be used to look beyond the marketing in order to get the best deal.

Common APR Myths

Myth 1: “APR and APY are the same thing.”
No. APY (Annual Percentage Yield) is for savings accounts and includes compounding. APR is for loans and usually assumes fees are paid upfront.

Myth 2: “Zero percent APR means the loan is free.”
Only if there are truly no fees. Many “0% APR” car deals or store financing plans bake the interest into a higher purchase price or charge hefty deferred interest if you don't pay on time.

Myth 3: “All fees are included in APR.”
Not true. Things like appraisal fees, title insurance, and escrow fees are usually excluded from the APR calculation even though you still pay them.