Spread total upfront fees evenly over the loan term. The result is a simple yearly percentage for rough comparison only—it is not the APR on a federal Truth in Lending disclosure. For note rate + fees → APR (actuarial estimate), use the APR calculator.
Simple annualized fee rate (%) ≈ (fees ÷ principal ÷ years) × 100
Rough comparison figure only—not Truth-in-Lending APR: it ignores payment timing, compounding, nominal interest rate, and lender rounding rules.
This loan fee comparison tool applies the formulas described on this page to the values you enter. Outputs are not financial, tax, legal, or medical advice.
Last reviewed: 2026-04-17
No. The APR on a Truth in Lending disclosure reflects your nominal rate, payment schedule, how finance charges and fees are applied over time, and other regulatory rules. This page only annualizes the total upfront fee dollars you enter, spread evenly by principal and years.
It is (total upfront fees ÷ loan principal ÷ years in the loan) × 100, expressed as a simple percent per year. It is a rough fee load, not a full APR.
Truth-in-Lending APR follows regulatory definitions, fee inclusion rules, and rounding. This tool applies only the simple fee÷principal÷years annualization shown above to your inputs.