Compare the cost of equal-payment loans after including financing fees paid upfront.
Printed from Calxy · https://www.calxy.net/financial/apr-calculator
0.01 – 10000000000
0 – 10000000000
0 – 100
1 – 50
Estimated loan APR
7.5629%
Equal monthly payments with fees paid upfront. This is not an official disclosure calculation for irregular dates, mortgage insurance or variable rates.
Find the monthly rate whose discounted payments equal loan amount minus upfront fees.
Annualized APR = monthly rate × 12 × 100.
Find the monthly discount rate at which the present value of the scheduled payments equals net loan proceeds. Multiply that monthly rate by twelve for nominal annual APR; this differs from an effective annual yield.
A $20,000 loan at 6.5% with no fees has a modeled APR of 6.5%. With upfront financing fees, the same payments repay smaller net proceeds, so the modeled APR rises.
Not necessarily. This model assumes equal monthly periods and upfront fees. Official disclosures may include other charges, insurance, irregular dates and legally specified tolerances.
Last updated . Results are estimates for informational purposes only.