Estimate how upfront loan fees change the annualized cost of borrowing.
This is a simplified fee-adjusted estimate using monthly cash flows. Legal APR disclosures can follow jurisdiction-specific rules and may treat fees differently.
A loan can charge interest at one stated rate while also deducting or charging upfront fees. When you receive less usable money but make payments based on the full loan amount, the effective borrowing cost increases.
Real APR rules depend on which fees are finance charges, payment timing, compounding conventions and local regulation. Use this page for comparison and planning, then rely on the lender's required disclosure for a formal APR.
You effectively receive less money while still making payments calculated on the stated loan balance.
Not necessarily. Regulatory APR calculations can include or exclude specific fees and use prescribed timing assumptions.