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 Georgia Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Atlanta, Sandy Springs and Roswell

Selling Your Home >Spotless Homes Sell Ideally, real estate agents want the properties we market to look spotless, but even the most impeccable housekeepers find it difficult to keep the house in prime showing condition all the time. Keeping the beds perpetually made, dishes washed, bathrooms spotless and the closets neat is a lot of work. Is it worth it? Yes, it is -- if you want to get your house sold in a reasonable amount of time for the best price. Often when buyers see normal household clutter, what registers is "this place hasn't been maintained." They see bathtub rings and think "plumber's bills." They see lint under the refrigerator and grease on the electric range and imagine having to replace all of the appliances. It isn't particularly logical, but people often respond with their feelings when buying a house. When making their final selection, buyers may be going on emotion and adrenaline rather than reason and logic. You can help your real estate agent by minimizing the amount of imagination they will need to fall in love with your home. See All Tips In The "Selling Your Home" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  Where would you go if you wished to stay in the world's most expensive hotel room? A  The Imperial Suite at the President Wilson Hotel in Geneva, Switzerland, which can be reserved for $33,000 per night. See More Real Estate Trivia >

Andrew Malone RE/MAX of Buckhead 4246 Peachtree Rd Altanta, GA 30319 Cell: 404.246.3265 Office: 404.237.9011 E-fax: 800.385.1350 Fax: 404.237.3631 Email: andrewmalone@NUMBER1EXPERT.com Email: amalone@remax.net I am a Cum Laude graduate from Georgia State University with a degree in Finance and Marketing. I began my real estate career after graduating from college at the age of 23. I have been an individual practitioner in real estate for 7 years with RE/MAX of Buckhead in Atlanta, Georgia. My successes include: Average 30 home sales/year, Over 150 homes sold, Presidents club –1 year, 100% club – 3 years, Platinum club – 1 year, Top New Agent 2004, #2 Agent in office 2006, #1 Agent in office 2007, 6.2 million closed transactions 2006, 4.4 million closed transactions 2007, Real Estate Lifestyle Magazine – Rising Real Estate Star 2007. www.FindYourAtlantaHome.com is brought to you by Andrew Malone NUMBER1EXPERT™ in real estate for Atlanta, Sandy Springs and Roswell, Georgia Read Andrew Malone'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.