APR Calculator

Compute the payment from the note rate, then solve for the rate that fits the amount you actually received after fees. Calculate it clearly with Figur.

How the apr calculator works

Compute the payment from the note rate, then solve for the rate that fits the amount you actually received after fees.

Method and assumptions

Figur applies standard payment, interest, or projection formulas to the values you enter. The calculation runs entirely in your browser.

  • Rates and contributions stay constant for the period unless the calculator says otherwise.
  • Taxes, insurance, fees, penalties, and lender-specific terms are excluded unless a field explicitly includes them.
  • Results are rounded estimates; a financial institution may use different rounding rules or payment dates.

This tool is for general information, not financial, tax, legal, or investment advice. Confirm important figures with the relevant institution or a qualified professional.

Sources and references

No external rates or products are consulted: the calculator applies standard financial formulas only to the values you enter.

Worked example

$20,000 at 6% for 5 years with $600 in fees.

The effective APR is about 7.27%.

Frequently asked questions

Why is APR higher than the rate?

APR folds in upfront fees, so it reflects the real borrowing cost.

Is APR the same as APY?

No. APY includes compounding on savings; APR describes loan cost.

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