Convert between APR (Annual Percentage Rate) and APY (Annual Percentage Yield). APY accounts for compound interest, making it the true cost/return.
Equivalent APY
12.68%
Daily Periodic Rate
0.0329%
Monthly Periodic Rate
1.00%
Effective Interest Rate
12.68%
Nominal Rate
12.00%
Example:
A $10,000 loan at 12% APR compounded monthly will cost $1,268.25 in interest after 1 year (effective cost: 12.68%).
Compare up to 3 loans side-by-side to find the best deal based on total cost, not just interest rate.
Loan Option 1
Loan Option 2
Loan Option 3
Comparison Results
🏆
Best Deal: Loan Option 2 saves you $XXX
| Metric | Loan 1 | Loan 2 | Loan 3 |
|---|
Calculation Results
0.00%
Real APR
| Component | Amount |
|---|---|
| Amount Financed | |
| Upfront Out-of-Pocket Fees | |
| Payment Every Month | |
| Total of X Payments | |
| Total Interest | |
| All Payments and Fees |