APR Calculator – Monthly Payments from Annual Percentage Rate
Calculate your monthly loan payment from the APR (Annual Percentage Rate). See exactly how much interest you will pay over the life of the loan — and how a lower APR or shorter term saves you money.
$
%
mo
Loan Payment Breakdown
Monthly Payment
$406
Total Paid
$24,332
Total Interest
$4,332
Interest %
17.8%
APR Calculator FAQs
What does APR mean?
APR (Annual Percentage Rate) is the total yearly cost of borrowing money, including interest and fees. It is the standardized way to compare loan offers — a lower APR means cheaper borrowing. For credit cards, APR is the interest rate applied to carried balances.
How do I calculate monthly payments from APR?
Monthly Payment = P × r(1+r)^n / ((1+r)^n - 1), where P = loan amount, r = monthly interest rate (APR/12), n = number of months. Use this calculator to see your exact payment for any APR and loan amount.
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