When should I compare APR instead of rate?

Always compare APR when shopping loans — it accounts for all fees. Two loans with the same rate but different fees will have different APRs.

APR Calculator

Calculate the true APR including fees for any loan

Loan amount ($)

Total fees & closing costs ($)

Points, origination fees, etc.

Nominal interest rate (%)

Loan term (years)

How to use APR Calculator

Free APR calculator. Enter loan amount, fees, nominal rate, and term to see the true Annual Percentage Rate — the real cost of borrowing.

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Frequently asked questions

APR includes origination fees, points, and other closing costs spread over the loan life. It is the true cost comparison metric.