Effective Rate (APR) Calculator
The true cost of borrowing — your stated rate plus all upfront fees, expressed as an effective annual rate.
The lowest advertised rate is not always the cheapest mortgage once fees are counted. This folds upfront costs into a single all-in rate so you can compare offers honestly.
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Effective APR
- Stated rate
- 4.5%
- Total upfront fees
- $2,400
- Total cost of borrowing (term)
- $-331,558
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Terms, in plain language
- Effective rate (APR)
- Your true borrowing cost once upfront fees are folded in — often a bit higher than the rate you are quoted. The honest "all-in" number.
- Stated rate
- The headline interest rate a lender advertises, before any fees are counted.