CD Calculator
Project the maturity value of a certificate of deposit with compound interest and see APY.
Runs 100% in your browser — nothing is uploaded.
Result
Formula
FV = P(1 + APR/m)^(m·t); APY = (1 + APR/m)^m − 1
About this calculator
The UTIQO APR Calculator helps borrowers understand the true annual cost of a loan by factoring in not only the nominal interest rate but also upfront fees and closing costs. It computes the effective annual percentage rate (APR) that reflects the total cost of borrowing, enabling more informed comparisons between loan offers.
How to use
- 1
Enter your initial Deposit amount.
- 2
Set the APR (annual percentage rate) and Term in years.
- 3
Choose the Compounding frequency and click Calculate to see Maturity value, Interest earned, and APY.
Frequently asked questions
Why is the APR different from the nominal interest rate?
The APR includes the effect of upfront fees and closing costs, spreading them over the loan term. This makes the APR higher than the nominal rate when fees are charged, because the borrower effectively receives less money but pays interest on the full loan amount.
Should I always choose the loan with the lower APR?
Generally, yes, if you plan to keep the loan for the full term and the loans have similar features. However, if you expect to prepay or refinance, a loan with lower upfront fees but a slightly higher rate might be more cost-effective. Consider your specific situation.
Does the APR include all fees?
The APR typically includes loan origination fees, points, and certain closing costs, but it may not include all third-party fees such as appraisal or title insurance. This calculator includes only the fees you enter, so be sure to include all relevant costs for a more accurate comparison.
Please note: Results are estimates for general information only and are not professional or medical/financial advice.