What is my APR or Annual Percentage Rate?

Enter the values and I will tell you what your annual percentage rate will be. Although every lender will quote an interest rate for interest charged on a loan, this quoted interest rate does not take into consideration any of the closing costs for the loan. The additional monies for the closing can actually be calculated as another part of the interest on a loan. This new combined interest rate is called an APR or Annual Percentage Rate. This calculator can used for mortgages, car loans, or any other simple interest loans with amortization over a fixed time with fixed monthly payments.

Description

Loan Amount ($)

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Enter the amount of the loan as a number without any dollar ($) signs or commas (,).
Example 100000

Interest Rate (%)

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Enter the interest rate as a decimal number without any percentage (%) signs.
Example 6.5

Term (Years)

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Enter the number of years as a number.
Example 30

Total Closing
Costs ($)

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Enter the total closing costs as a number without any dollar ($) signs or commas (,).
Example 2700