HomeTown Lenders - Mortgages, Home Loan Rates, Refinance Mortgage Quotes & FHA Mortgage Rates

We search thousands of rates every day to bring you the absolute lowest priced loan at the best rate!
Click here to search our low rates.

Fast, easy-to-understand process saves you time!
Click here to find out what to expect.

We offer a complete range of conforming, non-conforming, and government loans.

Bad Credit? Get a YES at HomeTown Lenders!
Click here to find out how

HomeTown Lenders is your best choice for mortgage financing solutions.
Click here to find out why!

NEED TO GET MORE INFORMATION ON MORTGAGE BASICS?

NEED TO GET PRE-APPROVED?

Information Resource Center

Rate1: 6
Points: 1
Orig: 1

What is the APR for this ARM Loan ?

Loan Information
Loan Amount
Length of Loan
Initial Years
Initial Rate (%)
Current Index
Margin

Mortgage Company Fees
Origination Fee
Discount Points
Mortgage Loan Fees

Instructions
This APR Calculator can be used to estimate the Annual Percentage Rate for an Adjustable Rate Mortgage based on input parameters. The ARM parameters (Initial Rate, Index, Margin) are neccessary to compute the APR. There are various ways that companies compute APR. Mortgage Company Fees may include Appraisal, Credit Report, Processing, Document Preparation, Administration, Underwriting, Flood Certificate, Tax Service, Wire Transfer, and other fees. (This APR Calculation assumes 15 days of Prepaid Interest)

Results
Loan Amount:	$200000
Length of Loan:	30 Years
Average Payment:	$1,028.04
Average Rate:	4.623%

Initial Rate:	6.000%
Monthly Payment:	$1,199.10
Period Length:	3 Years
Balance After 3 Yrs:	$192,168.14
Adjusted Rate:	4.350%
Monthly Payment:	$1,009.04
Period Length:	27 Years

Origination Fee:	$2,000.00
Discount Points:	$2,000.00
Prepaid Interest:	$500.00
Other Loan Fees:	$1,000.00
Total Loan Fees:	$5,500.00

Annual Percentage Rate:	4.762%

These calculations are only estimates and should not be used to determine actual loan costs. Please consult your tax advisor for information on the deductibility of interest for tax purpose. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.