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Mortgage Fee Calculator

Estimating Lender Fees From the APR

Who This Calculator is For: Borrowers who want to know the fees
charged by a lender, in addition to the rate and points quoted in the media.

What This Calculator Does: This calculator uses the APR, which must be shown
whenever a lender quotes a rate and points in the media, to determine
the additional fees charged by that lender.

Enter Loan Information
  Loan Amount (e.g. 100000)
  Interest Rate  (e.g. 7.50)
  Loan Term, in Months  (e.g. 360)
  Points (e.g. 1.50 or 1500)
  APR: (e.g. 7.83)
Results of Calculation:
  Lender Fees Other Than Points Included in APR: ( to nearest $10 )

DO NOT USE DOLLAR SIGNS ($), COMMAS (,) PLUS OR MINUS SIGNS ( + / - )
OR PERCENTAGE SIGNS (%) IN ANY INPUT BOXES
 


Read What the Mortgage Professor Says About APR's

Excludes mortgage insurance, per diem interest and closing costs not considered part of the cost of credit such as title insurance and taxes. Points may be entered as a percentage (e.g.1.50) or as a dollar amount. Any number greater than 10 will be treated as a dollar amount. (e.g. 1500 = $1,500)