Estimate APR including upfront and financed fees. Compare the stated interest rate with the annualized cost of your borrower cash flows.
01 / LOAN & FINANCING FEES
Estimate APR from the cash you receive and the payments you make. Use the same currency unit for every amount; no currency conversion is applied.
02 / BORROWING COST ESTIMATE
Enter your loan terms and fees to estimate APR, payment and financing cost.
03 / CASH-FLOW METHOD
Fees increase what you repay or reduce what you receive. We solve the rate r for: net proceeds = payment × Σ (1 + r)⁻ᵏ, for payment numbers k = 1 through n. We then multiply r by payments per year.
All fees are treated as financing charges. Upfront fees are paid at time zero. Financed fees are added to the amortized balance but are not extra usable proceeds. Interest includes interest on financed fees. Total financing cost is interest plus both fee types.
Assumptions: a fixed nominal interest rate, fully amortizing balance, uniform periods and equal payments at period-end, with the first payment one full period after origination. Positive net proceeds followed only by positive payments give a unique nonnegative rate in this model.
Example: a 1,000 loan, zero interest, one payment after one month and a 100 upfront fee means receiving 900 now and repaying 1,000. Its periodic cash-flow rate is 11.1111%, so nominal annualized APR is approximately 133.3333%.
This is an estimate, not a country-specific legal APR disclosure. It does not model exact dates, daily interest, variable rates, balloons, prepayments, irregular cash flows or lender-specific payment rounding. Software limits: amounts up to 1 trillion each, stated rates 0–1,000%, terms 1–600 months; floating-point limitations still apply.
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Enter the loan amount, stated annual rate, term and upfront financing fees. Advanced options include financed fees and payment frequency. Calculate, review the assumptions and copy results.
Numerical cash-flow APR, separate upfront and financed fees, clear costs and disclosed annualization assumptions.
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A numerical solver finds the periodic rate that equates net cash received at loan origination with the present value of all equal end-of-period payments. Estimated APR is that periodic rate multiplied by payments per year, not an effective compounded annual rate.
Upfront fees are paid at origination and reduce net cash received. Financed fees are added to the repayment balance but do not increase usable cash received. Both affect the APR; only financed fees accrue stated interest.
Enter the cash advanced for your use before upfront fees, excluding additional financed fees. Net proceeds are loan amount minus upfront fees. The amortized balance is loan amount plus financed fees.
Payments repay the stated interest and any financed fees, while upfront fees reduce the amount available to you. The cash-flow yield therefore generally exceeds the stated rate. With no fees, the two nominal annual rates agree within numerical precision.
Yes. Financing fees can create a positive APR even when stated interest is zero. With zero interest and no fees, estimated APR and total financing cost are zero. Net proceeds must be positive for a unique supported APR.
No. This is a currency-neutral estimate for fixed-rate, fully amortizing loans with equal payments starting one complete period after origination. It uses unrounded model payments, nominal annualization and uniform periods, without dates, daily accrual, balloons, irregular cash flows or jurisdiction-specific fee rules.