MAPR calculator for Closed-End Loans

Use this calculator to determine the Monthly Payment and the Military Annual Percentage Rate (MAPR) for a loan with a fixed payment. MAPR is a standard calculation used by lenders for loans covered by the Department of Defense's Military Lending Act & Regulation Z. It is similar to a standard APR calculation but includes additional fees in the calculation and limits any loan to a MAPR of no more than 36%. MAPR calculations incorporate these fees into a single rate. While MAPR calculations may vary slightly from lender to lender, all lenders must follow the same rules.

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