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What this calculator does
This calculator shows the total cost to get your item back from a pawn shop. It includes monthly interest and storage fees for the months you hold the loan.
The math
Monthly rate = monthly APR ÷ 100. Balance after interest = loan × (1 + monthly rate)^months. Total to reclaim = balance + storage fees.
Worked example
A $200 pawn loan at 25% monthly APR with $20 storage fees over 3 months costs about $391 to reclaim.
Why this matters
High-fee products are designed to look small per week and huge in total. This calculator exposes the full cost so you can compare it to real alternatives.
Methodology and transparency
This page publishes the exact formula used to compute the result, so you can verify it in a spreadsheet or check the assumptions against your own situation. The worked example uses the tool default inputs; change any number and the result updates live in your browser. No data is sent or stored.
Common questions
How is pawn APR calculated?
Pawn shops charge monthly interest rates. The annualized APR is usually very high.
Can I lose my item?
Yes. If you do not repay the loan plus fees by the end of the term, the pawn shop can sell your item.
Are pawn loans cheaper than payday loans?
Sometimes, but both are expensive. The total cost depends on the interest rate and fees.