Free APR Calculator

Free APR Calculator is an easy-to-use utility that can quickly determine APRs (Annual Percentage Rates). It's practical for calculating various types of loans, such as mortgages or cars.

The tool takes into account the loan amount, any extra cost and other data to tell you how much the APR, monthly payments, total payment and total interest are worth.

It doesn't require any previous experience with financial tools, since it handles the entire calculation on its own.

Before firing up this tool, it's necessary to download and install .NET Framework on your computer, unless you already have it. Otherwise, the loan calculator won't work properly.

Following a brief and uneventful setup, you're welcomed by a user-friendly interface made from just one window that gives you an overview of all input and output parameters.

You just have to enter the loan amount, extra cost (if any), interest rate (%) and number of months for the loan term. Once you press the "Calculate APR" button, the program analyzes all data and reveals the APR (%), monthly and total payments, along with the total interest rate.

Sadly, this is where Free APR Calculator's functionality ends. It would've been useful if it had options for printing all data, exporting it to file or at least storing it to the clipboard. At most, you can copy one value for each output parameter at a time.

Another aspect worth noting is that, although the payment calculator supports only the dollar, this isn't important for users interested in other currencies because it doesn't affect the results.

To sum it up, Free APR Calculator offers a simple solution for helping you get an idea of APRs for diverse loans. Just make sure to ask the advice of a professional.