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APR Mortgage Calculator

Enter the mortgage and closing costs

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$

Sets when mortgage insurance stops.

%

Charges that count toward the APR

points

1 point = 1% of the loan.

%
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days

Interest from closing to the end of that month.

% / yr

Of the loan amount. Counted until the balance is scheduled to reach 78% of value.

More options
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Fees that do not count toward the APR

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Your APR

APR

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Note rate

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Principal and interest

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APR above the note rate–
Monthly mortgage insurance–
Loan-to-value–
Prepaid finance charges–
Amount financed–
Finance charge–
Total of payments–
Closing fees left out of the APR–
Accuracy allowed on a disclosure–

The APR is the yearly rate at which your payments, including mortgage insurance, repay exactly the amount financed: the loan minus the charges you pay up front.

What moves the APR above the note rate

Each line adds one group of charges to the one before, so you can see which costs widen the gap most.

Charges includedAPRAdded by this step

Which fees are finance charges

Sorted under Regulation Z, 12 CFR 1026.4. Only finance charges feed the APR.

FeeAmountFinance charge?Rule

Title, document, notary, credit report and appraisal fees stay out of the APR only if they are bona fide and reasonable. A third-party fee becomes a finance charge when the lender requires the service and keeps part of the fee, and closing-agent fees count when the lender requires that particular service or charge (12 CFR 1026.4(a)(1)–(2)). Your Loan Estimate shows the lender's own figure.

Results are estimates for educational purposes and are not financial, tax or legal advice.

Work out the annual percentage rate on a mortgage from its closing costs, prepaid interest and mortgage insurance. It shows which fees count as finance charges and how much each group adds to the gap between APR and note rate. The free amortization calculator is free to use with no sign-up, and works on desktop and mobile.