What’s the APR on this loan?
Turn a rate plus points and fees into an APR using the federal actuarial method.
01Loan
02Prepaid finance charges
ƒHow this is calculated
- Amount financed = loan − prepaid finance charges. The APR is the rate at which the scheduled payments are worth exactly the amount financed (the actuarial method in Regulation Z, Appendix J).
- APR assumes you keep the loan for the full term. If you sell or refinance early, the upfront costs matter more than the APR shows.
- Adjustable-rate APRs use a composite rate on disclosures and aren’t modeled here.
Estimates for illustration only. This is not a loan offer, rate quote, or commitment to lend. Results come only from the numbers entered above. Interest rates are examples you supply, not advertised rates, so check current rates before deciding. Fee schedules and limits shown are published figures that can change.
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Austin Gerimonte, NMLS #2277430 · CrossCountry Mortgage, LLC NMLS #3029 · Equal Housing Lender · NMLSConsumerAccess.org