Welcome > Resources > Mortgage Calculators > What Is Your APR? ...

What Is Your APR?

Use this calculator to determine the Annual Percentage Rate (APR) for your mortgage. Press the report button for a full amortization schedule, either by year or by month.

Definitions

Annual Percentage Rate (APR)

A standard calculation used by lenders. It is designed to help borrowers compare different loan options. For example, a loan with a lower stated interest rate may be a bad value if its fees are too high. Likewise, a loan with a higher stated rate with very low fees could be an exceptional value. APR calculations incorporate these fees into a single rate. You can then compare loans with different fees, rates or different terms.

Mortgage amount

Original or expected balance for your mortgage.

Interest rate

Annual interest rate for this mortgage.

Term in years

The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

Monthly payment

Monthly principal and interest payment (PI).

Total payments

Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.

Total interest

Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.

Loan origination percent

The percent of your loan charged as a loan origination fee. For example, a 1% fee on a $120,000 loan would cost $1,200.

Discount points

Total number of "points" purchased to reduce your mortgage's interest rate. Each "point" costs 1% of your loan amount.

Other fees

Any other fees that should be included in the APR calculation. These fees can vary by lender, but at a minimum usually includes prepaid interest.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation Massachusetts Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Boston, Brookline and Newton

Buying Land and New Construction >Lot Location If you are buying land on which to build, you may be eager to get started. But before you leap into buying land, remember that location is the one essential element you won't be able to change. You will never regret taking the time to fully consider the setting for your home. Make a list of the must-have features that will exist on your ideal piece of land. Do you require a lakefront property or a spectacular view? If privacy is high on your list, you may want to look for land that is heavily wooded, or purchase secluded acreage in a rural setting. Decide on the minimum size lot that will work for the setting of your home. Are you willing to build on a slope or a hillside? Knowing your requirements will help your real estate agent save you time by eliminating unsuitable properties. Select two or three of your favorite neighborhoods and ask your agent to concentrate the search for land in those places. If you are building in an area you are not familiar with, drive or take walks around the neighborhood and talk to people who live there. See All Tips In The "Buying Land and New Construction" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  In which 'Oil Sheikdom' of the Far East do the wealthy still choose to live in primitive houses on stilts? A  Brunei's oil wealth results in no income tax, free education and health services, and cheap housing loans for its average citizen. See More Real Estate Trivia >

Ward Shifman 10 Langley Road Newton Centre, MA. 02459 Phone: 617-633-7703 Fax: 617-762-4067 Email: wardshifman@NUMBER1EXPERT.com "Ward's refined style and performance in our behalf has completely revised my impression of the realty profession." Feedback such as this from Ward's clients is evidence of his strong customer care, effective listening and communication, as well as effective marketing strategies. Ward was the first agent to join William Raveis in Massachusetts, and is a consistent top producer both with-in the company and amongst all Massachusetts brokers. Ward services the Boston, Brookline, and Newton areas, along with Cambridge, Wellesley, the North Shore, South Shore, and many other neighborhoods. Ward's expertise is not just in sales, but in every aspect of real estate--this unique service will help you make the connections towards accomplishing your real estate goals. www.WardMovesBoston.com is brought to you by Ward Shifman NUMBER1EXPERT™ in real estate for Boston, Brookline and Newton, Massachusetts Read Ward Shifman's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.