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

This information may help you analyze your financial planning needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.