LoanMath

Loan Calculator with APR

True cost including the fee.

Your figures stay on your computer — no server, no tracking, no registration
$
$
%
yr

Try: Loan amount=20000, Upfront fee=500, Nominal APR=6, Term=5 → $20,000, $500, 6%, 0%, $387

How to use

The nominal rate hides upfront fees. This solves for the effective APR — the real annual cost once the fee is spread over the payments.

Formula

Solve (1+i)n = 1 + i·n·PMT/(loan−fee), then APR = (1+i)12−1.

FAQ

Why APR not just rate?

APR folds in fees so you can compare loans fairly.

Big fee, big APR gap?

Yes — a large origination fee can lift the effective rate well above nominal.

Related calculators