Conversion Formula:
Daily Rate = APR ÷ 365 (or 360 for some lenders)
Daily Decimal = Daily Rate ÷ 100
Your mortgage APR as a percentage
Used to calculate example daily interest charge
Daily Interest Rate (Decimal):
Annual APR:
Monthly Rate:
Days Per Year:
Daily Rate (%):
How to Use Mortgage APR to Daily Interest Decimal Formula Calculator
- Type your mortgage APR percentage in the first field
- Select day count method and optionally add loan balance
- See daily interest decimal, percentage, and example calculation instantly