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Jody White, REALTOR®, real estate agent and broker for Westland and Livonia Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Calculators: Westland and Livonia Michigan home buying, real estate listings, and homes for sale in Wayne County, MI
Welcome > Resources > Mortgage Calculators > What Is Your APR? ...


The Best Mortgage Calculators On the Web! 

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Each financial calculator also includes a View Report option. The mortgage repayment schedule and other reports are fully customizable. These reports are designed for you to print out and keep... 

What Is Your APR?

Use this calculator to determine the Annual Percentage Rate (APR) for your mortgage. Press the report button for a full amortization schedule, either by year or by month.

This Financial Calculator requires a Browser with Java Support



Definitions

Annual Percentage Rate (APR)
A standard calculation used by lenders. It is designed to help borrowers compare different loan options. For example, a loan with a lower stated interest rate may be a bad value if its fees are too high. Likewise, a loan with a higher stated rate with very low fees could be an exceptional value. APR calculations incorporate these fees into a single rate. You can then compare loans with different fees, rates or different terms.

Mortgage amount
Original or expected balance for your mortgage.

Interest rate
Annual interest rate for this mortgage.

Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

Monthly payment
Monthly principal and interest payment (PI).

Total payments
Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.

Total interest
Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.

Loan origination percent
The percent of your loan charged as a loan origination fee. For example, a 1% fee on a $120,000 loan would cost $1,200.

Discount points
Total number of "points" purchased to reduce your mortgage's interest rate. Each "point" costs 1% of your loan amount.

Other fees
Any other fees that should be included in the APR calculation. These fees can vary by lender, but at a minimum usually includes prepaid interest.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.




Jody White, REALTOR®, real estate agent and broker for Westland and Livonia Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Jody White
Rice Realty

8401 Narise St., Westland, MI 48185
10667 Belleville Rd, Belleville, MI 48111
Westland Office: 734-421-7423 (RICE)
Belleville Office: 734-421-3515
Cell: 734-564-8401
Fax: 734-421-3516
Email: jody@ricerealty.com

Jody White is the owner of Rice Realty. Rice Realty is a full service residential real estate company servicing client’s real estate needs throughout Wayne and Oakland Counties. The company provides real estate services to current property owners as well as buyers who require representation, which ensures their interest is served in an appropriate manner with maximum results. Mrs. White has over 23 years of real estate experience as a consultant, investor, appraiser, landlord and broker/owner which has earned her an exceptional reputation in the industry, as evident in that over 80% of the company revenue is generated through referrals. Jody resides in Westland with her husband of over 9 years and their two children. She is active at church and her children’s school and takes great pleasure scrapbooking, weight training and having fun with friends and family. Jody White is the best choice for your next real estate purchase or sale.

CBREqual HousingGRIMLSREALTOR


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