How do closing costs impact the interest rate?

If you choose to finance your closing costs, the monthly loan payments will be higher than if you had paid the closing costs out-of-pocket. In order to help borrowers compare loans, lenders use a standard calculation called annual percentage rates (APR) which takes into account the closing costs. Use this calculator to itemize the closing costs and to compare loans with different rates, fees or terms.
Loan Information
Original Loan Amount ($) 
Term (years) 
Mortgage Rate (%) 
Traditional Closing Cost Information
Discount Points (%) 
Origination Fee (%) 
Lender Fees (processing/underwriting) ($) 
Credit Report ($) 
Appraisal ($) 
Title Insurance ($) 
Reconveyance Fee ($) 
Recording Fee ($) 
Wire and Courier Fees ($) 
Endorsement Fee ($) 
Title Closing Fee ($) 
Title Document Prep Fee ($) 
Other Fees ($) 
All calculators and tools are supplied as a courtesy only. FHB is not responsible for the accuracy or completeness of information that you provide or information generated by the calculators. Please check your records carefully before inputting your information into the calculators or tools. All projected rates and results are estimates, are examples only, and are necessarily hypothetical in nature. No results are guaranteed. The output of the tools and calculators may vary with each use and over time. The output and results should not be construed as financial, legal or tax advice, and the calculators and tools are not intended to replace the advice of qualified professionals. You should not rely on the calculators and tools as your only source of information. You should consult with a qualified professional of your choice whenever specific advice is necessary or appropriate.

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