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. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information 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.

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