Loan offer comparison and APR calculator

Compare up to three loan offers side by side: monthly payment, estimated APR including upfront fees, total interest and the cost if you repay early.

Estimates only, not an offer of credit. Express Approvals is not a lender or mortgage broker, doesn't make loans or credit decisions and can't guarantee approval, rates or terms. Results depend entirely on the numbers you enter. Everything is calculated in your browser; nothing you type is sent to us.

How this calculator works

The estimated APR is the rate at which the present value of your monthly payments equals the amount financed (loan amount − upfront finance charges), solved numerically. "Cost if repaid after N months" adds the interest you'd pay in those months to the upfront charges.

Check it by hand: two $300,000, 30-year loans at 7.00%, one with $2,000 and one with $8,000 of upfront finance charges, have the same $1,995.91 payment but APRs of about 7.07% and 7.27%.

Compare offers from lenders

Ready to see real offers? Request Loan Estimates from at least three lenders on the same day and compare them line by line, including APR and section A fees.

Compare mortgage offers from lenders(Paid referral link)

Paid referral link: we may be paid if you click or submit a request on a partner's site. You'll leave Express Approvals; the partner's own privacy policy, consent and terms apply. Partners and their lenders, not Express Approvals, decide eligibility, rates and terms. Mortgage lenders and brokers can't pay us to be ranked, recommended or shown more prominently in our content. Any compensation from a comparison partner is for advertising and doesn't depend on which lender you choose or whether you close a loan. Equal Housing Opportunity.This button goes to the free, non-commercial Consumer Financial Protection Bureau (CFPB) website. We aren't paid for this link. Equal Housing Opportunity.Express Approvals is not a lender or mortgage broker, doesn't make loans or credit decisions and can't guarantee approval, rates or terms. Advertising disclosure.

Frequently asked questions

Why does the APR differ from the lender's?

Lenders follow Regulation Z rules about which charges count as finance charges. This calculator only includes the fees you enter, so use it to compare offers consistently, and rely on the lender's disclosed APR.

Which is better: lower rate or lower fees?

If you'll keep the loan a long time, a lower rate often wins. If you might sell or refinance soon, lower upfront fees may cost less. Set the months field to see which is cheaper.

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