Loans

Loans come in all shapes and sizes. Personal loans can be used to finance large purchases or consolidate your debt, while student loans and car loans are specifically geared towards the investments that can make all the difference. At Allrates you can learn more about the lending industry while comparing offers from leading lenders.

    Annual Percentage Rate (APR) Calculator

  • Mortgages, credit cards, personal loans, oh my!
    Managing your personal finances can be a rollercoaster of interest rates and additional fees- but Allrates is here to help. Calculating APR is crucial when you need to see the big picture of how much you’re really paying for a loan.

    Unlike a standard interest rate, APR combines both interest and fees and refines these figures into a single annual interest rate.

    For example, let’s say you borrow $200,000 on a fixed-rate 30-year mortgage at a 5 percent interest rate, and you need to pay $2,000 in closing costs.

    What is the APR?
    In this case, your APR would be 5.1 percent

    But how did we get there?
    Instead of calculating in paper and pencil with a complex equation, use our APR calculator to make savvy and informed financial decisions quick and easy.

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