Instructions
This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input parameters. There are various ways that companies compute APR. Mortgage Loan Fees may include Appraisal, Credit Report, Processing, Document Preparation, Administration, Underwriting, Flood Certificate, Tax Service, Wire Transfer, and other fees. (This APR Calculation assumes 15 days of Prepaid Interest)
Loan Information
[200000] Loan Amount
[6] Interest Rate
[30] Years
Mortgage Information
[1] Origination Fee
[1] Discount Points
[1000] Mortgage Loan Fees
Results
Loan Amount: $200000
Interest Rate: 6.000%
Origination Fee: $2,000.00
Discount Points: $2,000.00
Prepaid Interest: $500.00
Other Loan Fees: $1,000.00
Total Loan Fees: $5,500.00
Interest Rate: 6.000%
Monthly Payment: $1,199.10
Annual Percentage Rate: 6.262%
These calculations are only estimates and should not be used to determine actual loan costs. Please consult your tax advisor for information on the deductibility of interest for tax purpose. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.