APR Calculator
Calculate the **Annual Percentage Rate (APR)**, including **interest and fees**, for a loan or mortgage.
APR (Annual Percentage Rate): 0.00%
Monthly Payment: $0.00
APR Calculator - A Complete Guide
The **Annual Percentage Rate (APR)** represents the **true cost of a loan**, including **interest and additional fees**.
How to Calculate APR?
APR = [(Total Cost of Loan / Loan Amount) ÷ Loan Term] × 100
Example Calculations
Example 1: A loan of **$10,000**, with an **interest rate of 6%**, a **5-year term**, and **$500 in fees**.
APR = **6.56%**
Example 2: A loan of **$20,000**, with an **interest rate of 8%**, a **10-year term**, and **$1,000 in fees**.
APR = **8.87%**
Use this **APR Calculator** to make informed **borrowing decisions** and understand the true cost of a loan.
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