How it works
APR is found by iteratively solving for the monthly rate that equates net proceeds with the present value of scheduled payments.
Example
Borrowing $10,000 with $300 in charges and 36 payments of $320 produces an APR above the note rate.
This tool is for estimation and education, not financial, tax, or legal advice.
Frequently asked questions
Are the results exact lender quotes?
No. Results are estimates from the values entered and exclude terms or charges not shown.
Does the calculator send my numbers anywhere?
No. The calculation runs locally in your browser.
How should I use the result?
Compare scenarios, then verify important figures against a lender disclosure or account statement.
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