IN FORMATIVE

Annual Percentage Rate (APR) Calculator

Annual Percentage Rate or APR allows you to compare the true cost of your mortgage loan. 

It incorporates the interest rate plus fees and other costs, into a single percentage rate that helps you determine how much the mortgage will actually cost you.

This is really helpful when comparing multiple offers. If you see an offer with a much higher APR, look to see what fees are being charged. 

REMEMBER: The Lowest Rate Isn't Always the Best Deal.