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 needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that the 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.

These calculators are for information, education, and entertainment purposes only. It is your responsibility to evaluate the merits and risks associated with relying on any information provided.

By entering this section of the Commerce Bank web site, you acknowledge your understanding and acceptance of the terms of its use.

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