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.

For Sale By Owner >The FSBO Myth Real estate transactions can be tricky. The widespread myth that selling real estate is easy has lured many home sellers into making expensive mistakes by trying (and failing) to sell their own home. Many people assume that all you need is a sales contract, a classified ad and a "For Sale" sign. But even the most basic step -- setting the correct sale price -- depends on a number of factors. The location, size and condition of your home, the relationship between the local supply of homes and the number of qualified buyers, and the recent selling prices of comparable homes in your neighborhood all affect the market value of your property. Homeowners who sell without a professional realtor often misread the local market and overprice the home. Sellers might also mishandle contingencies, home inspections, title clearance, deadlines and disclosures. The advice and guidance of an experienced real estate agent is essential to ensure that you avoid the risk of expensive litigation and ensure a successful home sale. See All Tips In The "For Sale By Owner" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  Which famous home designed by Thomas Jefferson showed forms of Greek and Roman architecture? A  Monticello, begun in 1769, was later enlarged in keeping with its classical forms. See More Real Estate Trivia >

Gary, Deborah or Sally Realty Executives Northern Arizona 611 S. Beeline Highway Payson, AZ. 85541 Phone: 928-970-1584 Toll Free: 888-872-9766 Cell: 928-978-0063 Fax: 888-842-1919 Email: info@paysonproperties.net Sally Cantrill is an Associate Broker, a Multi-Million Dollar Producer, a Graduate Realtor Institute designations (GRI), a Certified Residential Specialist (CRS), has many years of contract negotiation experience, 11+ years of real estate & investment experience and I always offer personal dedication to my clients.

www.PaysonProperties.net is brought to you by Sally, Gary, and Deborah
NUMBER1EXPERT in real estate for Payson, Pine and Strawberry, Arizona

Commercial, Horse Property

Read Sally Cantrill, Gary Cordell & Deborah Rose-Ellis' 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.