Calculator
APR Calculator
Note rate is what you pay each month. APR is the all-in cost of the loan including up-front fees, expressed as an annual rate.
Loan terms
Up-front loan costs
Note rate
6.875%
APR
7.095%
How APR is built
Note rate (what you pay monthly on)6.875%
Total up-front loan costs$7,925
APR uplift from costs+0.220%
Your monthly P+I$2,365
APR uses the Truth in Lending (Reg Z) methodology — it amortizes the up-front loan-level fees over the life of the loan as if they were extra interest. Compare APRs between two quotes — never compare note rate to APR.
Loan amount
$360,000
Net cash to you
$352,075