APR Calculator - True Annual Rate Free
Use this free APR calculator to determine the true annual percentage rate (APR) of your loan, accounting for interest rate, points, and upfront fees. Compares general loans and mortgages.
True Annual Percentage Rate (APR)
6.563%
Nominal Rate: 6%
Monthly Payment$1,110
Net Financed Amount$97,500
Total Interest Paid$33,225
Loan Specifications
True Loan Cost Composition
Truth in Lending Act Notice
The Annual Percentage Rate (APR) represents the true cost of borrowing. It factors in nominal interest plus loan fees, broker points, and mandatory mortgage insurance, which is why it exceeds the stated nominal rate.