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10a

APR Calculator

APR on Fixed Rate Mortgages

Who This Calculator is For: Lenders, mortgage brokers, loan officers
or borrowers who need to calculate an APR on a Fixed Rate Mortgage.

 

Basic Loan Information
  Type of Loan
  Loan Amount ( include upfront mortgage insurance premium, if applicable )  (e.g. 102300)
  Interest Rate  (e.g. 7.50)
  Points  (% of loan or $$ amount)
  Loan Term (in years)
  Optional: Number of Years Loan is Interest-Only
  Current Value of Property
  Other Fees and Charges  
  Loan origination fee
  Mortgage broker fee
  Tax/flood service (life of loan)
  Assumption fee
  Required credit life or disability insurance
  Monthly mortgage insurance premium
  Upfront mortgage insurance premium ( must be input here if included in loan amount )
  Lock/commitment fee
  Other APR fees

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

 
Note: Fees included in the APR are shown in Settlement Costs Included in Annual Percentage Rate, see the source cited there. The APR is a legal concept and while the Mortgage Professor believes that his calculations are consistent with the law, he is not a lawyer and does not warrant the results.
See the mortgage professor's articles about APR:
Does the Annual Percentage Rate Help?
Annual Percentage Rate Simplified
Annual Percentage Rate: Why Won't Government Fix it?
The Difference Between APR and Interest Cost