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 ($) 
Other Fees ($) 
The information provided here is to assist you in planning for your future. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary therefore, the information should be relied upon when coordinated with individual professional advice.

Any rate of return entered into the interactive calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

Powered By CalcXML Calculators For Websites