WiseCalc

APR Calculator

Estimate nominal annualized monthly loan cash-flow cost from a fixed interest rate, whole-month term and upfront fees. Show known results and explain numerical limits.

Inputs

USD
%
months
USD

APR estimate for one loan advance and equal month-end payments at a fixed nominal rate. Upfront financing fees are paid or deducted at the start, not added to the loan principal; net amount received = loan amount − fees. APR = monthly cash-flow rate × 12 × 100, not effective annual yield (APY). No irregular dates, financed fees, changing rates or legal classification of fees are modeled. Compare with lender disclosures; this is not a certified regulatory APR.

Results

Estimated APR
6.69%
Nominal annualized monthly cash-flow rate
Monthly payment
$471.78
Total interest
$3,306.85
Scheduled payments + upfront fees
$29,306.85
Principal + interest + upfront fees
Net amount received
$24,000.00

Payment and upfront-fee breakdown

Model assumptions

APR estimate for one loan advance and equal month-end payments at a fixed nominal rate. Upfront financing fees are paid or deducted at the start, not added to the loan principal; net amount received = loan amount − fees. APR = monthly cash-flow rate × 12 × 100, not effective annual yield (APY). No irregular dates, financed fees, changing rates or legal classification of fees are modeled. Compare with lender disclosures; this is not a certified regulatory APR.

Source context

CFPB: https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-a-loan-interest-rate-and-the-apr-en-733/

Frequently Asked Questions