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 Washington Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Seattle, Redmond and Bellevue

Pricing >The Listing Agent Only approximately 2% of all listings nationwide are sold by the listing agent. When you list your house with me, I will try my best to sell it myself, but more importantly, I will simply get it sold. Colleagues in my firm or real estate agents who are affiliated with a cooperating broker may sell my listings. This is why I work hard to maintain a reputation for being very professional and easy to work with. I make the homes I list as easy as possible for other real estate agents to preview or show to buyers. When you select a real estate agent to market your property, you are hiring them not only for their list of prospective buyers, but for their ability to tap the lists of other people in the business. I constantly lobby among my competition, asking if they have seen my listings, getting feedback and urging them to add my listings to the short lists that they show when they have a prospective buyer. See All Tips In The "Pricing" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What does the common acronym FSBO (pronounced fizzbo) stand for? A  For Sale By Owner. (Between 85 to 95% of existing homes are sold with a Realtor's help.) See More Real Estate Trivia >

Eileen's Team RE/MAX Connected 222 Wall Street Ste 110 Seattle, WA 98121 Cel: (425) 444-8338 Tel: (206) 441-1851 Fax: (206) 441-1853 Email: theeileentefftteam@NUMBER1EXPERT.com Eileen and her husband Randy have 5 children and are anxiously waiting for grandchildren. Eileen has been a licensed real estate agent for over 27 years, handling both commercial and residential. During this time she also owned 3 very successful restaurants, a boat yard and a marina. She lives in Issaquah and is passionate about homes and real estate. In fact, she is so passionate that she and her son Jon own a development and construction company, as well as a real estate company. Eileen knew early on, that in order to be successful, she would not only need to continue with the quality of service her clients had come to expect but would need to stay abreast of new technologies and developments in the world of computers. Her office is equipped with the most current hardware and software to better service her clients. www.SeattleNumber1homeSite.com is brought to you by Eileen's Team NUMBER1EXPERTS™ in real estate for Seattle, Redmond and Bellevue, Washington, view, relocation Read Eileen's Team'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.