APR Calculator
What’s really in that APR?
Two ways to use this. Build an APR from a rate and its costs — or do the reverse: take a quote’s rate and APR and decode how much in points and fees is hiding in the gap. That second one is how you catch a too-good rate before it catches you.
$
%
%
The smaller number next to the rate
Points & fees hidden in that quote
—
Note rate—
APR—
Monthly payment (P&I)—
Implied points & fees—
As a share of the loan—
The gap is the tell. When the APR sits right on top of the note rate, the loan is clean. When it’s well above, that distance is upfront cost — points and fees — and this is roughly how much. Whether paying it is smart depends entirely on how long you’ll keep the loan: run that against the discount points calculator, and see what APR really tells you for the full story.
This calculator is an educational estimate, not a quote or loan offer. APR is computed from the note-rate payment and the finance charges shown, on a fixed-rate loan held to term. Real APR under federal rules includes a specific set of fees that can vary by lender, so a decoded figure is an approximation of total points and fees, not an exact itemization. Actual APR, points, and fees depend on the specific loan and disclosure. Forest Hills Mortgage · Matt Mergo, NMLS #563819. Equal Housing Lender.