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Loan Effective APR Calculator

Estimate an effective annualized borrowing cost from cash flows.

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Simplified effective annualized cost
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Total paid—
Cost above principal—
Monthly payment—
Term—
Actual minimum-payment formulas, interest start dates, rates, fees, and loan terms depend on the issuer or lender contract.

Read these guides after calculating

Loan APR and Total Cost: Do Not Compare Loans by Interest Rate AloneLoans can include interest plus setup and other fees. APR-style total-cost disclosure helps consumers compare offers on a more consistent basis.Interest Rate vs. Total Borrowing Cost: Fees Matter TooThe advertised interest rate is only part of borrowing cost. Setup, account, and other fees can raise the real cost of a loan.How to Compare Loan Offers Before ApplyingCompare approved rate, APR-style total cost, fees, term, monthly payment, and prepayment terms in one view.