MAPR Calculator with Statement of MAPR (Short Version)

The short version of the MAPR Calculator with Statement of MAPR is the quickest way to get a calculation and MAPR statement. MPRA 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.