APR Calculator (True Cost of a Loan)
Calculate the true APR of a loan including fees. Compare stated rate vs actual cost.
True APR
6.695%
Monthly Payment
$1,580.17
Total Cost with Fees
$323,861.22
APR Breakdown
| Loan Amount | $250,000.00 |
| Stated Interest Rate | 6.500% |
| True APR | 6.695% |
| APR vs Stated Rate Difference | +0.195% |
| Monthly Payment | $1,580.17 |
| Total Interest Paid | $318,861.22 |
| Total Fees | $5,000.00 |
| Total Cost (Interest + Fees) | $323,861.22 |
APR (Annual Percentage Rate) reflects the true cost of borrowing by including fees spread over the life of the loan. A higher difference between stated rate and APR indicates higher upfront costs.
Use the APR Calculator (True Cost of a Loan) above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
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