BORROWING COST TOOL

Loan Cost & Effective APR Calculator

Compare the advertised rate with what you actually receive after upfront fees.

Loan amount ($)Stated interest rate (%)Loan term (months)Origination fee (%)Other upfront fees ($)

Monthly payment—

Cash you receive—

Total interest—

Upfront fees—

Total repayment—

Estimated effective APR—

This is a comparison estimate, not a Truth in Lending disclosure or a loan offer. It assumes equal monthly payments and that fees are deducted from your proceeds at funding.

Why the effective APR can be higher

An origination fee reduces the amount of cash you receive but does not usually reduce the balance used to calculate your payment. That can make the cost of borrowing higher than the stated interest rate alone suggests.

What to compare

Compare the payment, fees, amount you actually receive, total repayment, and effective APR. If you are considering a loan to replace card debt, also compare it with a balance transfer.

FAQ

Why can effective APR be higher than the stated interest rate?

Upfront fees reduce your proceeds while payments remain based on the full amount borrowed.

Is this a lender disclosure?

No. Use lender disclosures and the loan agreement as the authoritative source of terms and APR.