APR Calculator
Worked example result
| Monthly payment | $888.49 |
| APR (true cost) | 12.00% |
| Total of all payments | $10,661.85 |
With no fees, APR equals the nominal rate: 12.00%. Add $500 of financed fees and the same loan's APR climbs above 21% — which is why fees matter.
APR solves: Loan received = Payment · (1 − (1+i)^−n)/i, APR = i × 12 × 100 · Powered by CalcHub — APR Calculator