This calculator will compute the effective interest rate of a mortgage when upfront loan costs are included.

Mortgage loan amount:


Quoted interest rate (%):


Mortgage loan term (# years):


Points (%):


Other closing costs to include:



Principal and interest payment:


Total of points and other closing costs:


Effective loan amount:


Monthly payment on effective loan amount:


But loan amount is really only:


Therefore, the APR is really this amount:

