Mortgage calculator
What's My APR?
APR reflects the true yearly cost of a loan once lender fees and points are included. Enter your rate and costs to compare offers apples to apples.
Your numbers
Origination, underwriting, processing
Annual percentage rate (APR)
6.688%
Compared to a 6.500% note rate
Monthly principal & interest
$1,707
Total prepaid finance charges
$5,200
$2,700 in points + $2,500 in fees
APR spreads lender fees and points across the full term, so it’s a fairer way to compare two offers than the note rate alone. It assumes you keep the loan to maturity, though, so if you plan to sell or refinance sooner, a low-fee loan with a slightly higher rate can be the better deal.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment or financial advice. We cannot guarantee their accuracy or applicability to your circumstances. Results are estimates only and are not a loan offer or commitment to lend.
Want real numbers instead of estimates?
A loan originator can price your exact scenario across our lender network, at no cost.