Annual Percentage Rate (APR) Calculator
The Annual Percentage Rate (APR) of a mortgage is the cost to you of borrowing money. In general, an APR reflects the interest rate to borrow plus any mortgage broker fees or other charges you pay to get the loan. When you purchase a home with our mortgage team, we’ll fully explain what contributes to your APR so you feel confident in understanding exactly what you are paying.
By using our APR calculator, you can get an estimate of your initial monthly mortgage payment and APR, which will help as you’re looking at homes and determining what you can afford to buy.
When using our calculators, remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates are for illustrative and educational purposes only.