About the APR Calculator
True annual percentage rate (APR) of a loan including upfront fees — the real cost of borrowing.
Also known as: annual percentage rate, apr with fees, true apr, loan apr.
How to use this calculator
- Enter loan amount, stated interest rate, term, upfront fees.
- The result updates instantly as you type — press Calculate (or Enter) at any time.
- Review the breakdown shown under the main result.
- Use Copy result or Share to save the answer or send a link with your inputs.
Formula
Solve: amount − fees = Σ payment / (1 + APR/12)ᵏ
Worked example
Using the values pre-filled in the calculator above:
- Loan amount = 20,000
- Stated interest rate = 8 %
- Term = 60 months
- Upfront fees = 600
the calculator returns:
- APR: 9.2984%
- Monthly payment: 405.53
- Total cost of credit: 4,931.67