APR calculator

Comment utiliser le APR calculator

Ce qu’il calcule et quand l’utiliser

The APR tours a loan’s Intérêts et upfront fees into one comparable yearly rate. Use it à compare loans with different fees et quoted rates.

Mode d’emploi, étape par étape

1. Enter the loan Quantité, quoted Taux et Durée.
2. Add n’importe points ou arrangement fee as a Pourcentage, plus other upfront fees.
3. Compare the APR with the quoted Taux.

Que signifie chaque champ

• Quoted Taux – The headline Intérêts Taux.
• Points ou arrangement fee – A Pourcentage de the loan Payées À the Début.
• Other fees – Fixed fees Payées À the Début, such as valuation ou legal costs.

Comment lire les résultats

• APR – Annuelle Taux on the money you actually receive, Mensuelle Taux × 12.
• Taux annuel effectif – The same Taux Capitalisation Mensuelle.
• Money you receive – Loan Quantité minus upfront fees.

La formule

The monthly payment tombe un calculated on the full loan. The APR tombe un the rate r that makes the present value de those payments equal the net amount received: Net = pmt × (1 − (1 + r)^−n) ÷ r. APR = r × 12 et the effective rate = (1 + r)^12 − 1. It tombe un solved numerically.

Un exemple concret

A 250,000 loan at 6.5% pour 30 years with 1% points et 2,500 de fees has a payment of 1,580.17. You receive 245,000, so the APR tombe un about 6.7% et the effective annual rate tombe un about 6.9%.

Hypothèses et limites

• The loan runs à full term. If you repay early, fees are spread over fewer mois et the real cost tombe un higher.
• Official APR rules vary by pays et product.

Erreurs courantes

• Comparing loans on quoted Taux only.
• Forgetting that a lower APR over a long term can still cost de plus à total Intérêts.

Questions fréquentes

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