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APR Calculator (16)

APR on Fixed Rate Mortgages

Who This Calculator is For: Lenders, mortgage brokers, loan officers
or borrowers who need to calculate an APR on a Fixed Rate Mortgage.

This calculator uses FHA rules in effect 6/3/2013. For loans prior to 6/13/2013 click here

 

Basic Loan Information
  Type of Loan
  Loan Amount ( do NOT include upfront mortgage insurance premium )  (e.g. 100000)
  Interest Rate  (e.g. 7.50)
  Points  (% of loan or $$ amount)
  Loan Term (in months)
  Optional: Number of Years Loan is Interest-Only
  Current Value of Property
  Other Fees and Charges  
  Loan origination fee ( $$ amount )
  Mortgage broker fee ( $$ amount )
  Tax/flood service ( $$ amount )
  Assumption fee ( $$ amount )
  Required credit life or disability insurance ( $$ amount )
  Lock/commitment fee ( $$ amount )
  Other APR fees ( $$ amount )
  Mortgage Insurance  
  Annual mortgage insurance premium - Paid Monthly - (Enter monthly $$ or annual %)
  Upfront mortgage insurance premium (if applicable) - (Enter $$ or %)

DO NOT USE DOLLAR SIGNS ($), COMMAS (,) PLUS SIGNS ( + )
OR PERCENTAGE SIGNS (%) IN ANY INPUT BOXES

 
Note: Fees included in the APR are shown in Settlement Costs Included in Annual Percentage Rate, see the source cited there. The APR is a legal concept and while the Mortgage Professor believes that his calculations are consistent with the law, he is not a lawyer and does not warrant the results.