Mortgage APR Calculator
APR Calculator - Calculate
the APR of a fixed rate mortgage quote with this apr calculator. APR stands
for Annual Percentage Rate. The mortgage APR will always be higher than the
mortgage rate because it calculates the annual cost of the mortgage based on
your monthly payments for your net mortgage amount after paying your upfront mortgage closing cost. The mortgage APR
is found on the truth in lending statement and is required by law to be provided
to you within 3 days of applying for a mortgage.
Mortgage APR Calculator Instructions
Step 1: Enter Loan Amount, Interest Rate & Mortgage Term
Step 2: Select total amount of mortgage points and total closing cost
Step 3: Click "Calculate APR"
& view personalized APR calculation & amortization schedule.