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What is the APR for this ARM Loan?
Loan Information

Loan Amount ($)
Length of Loan (Yrs)
Initial Period (Yrs)
Initial Rate (%)
Current Index (%)
Margin (%)
Mortgage Fee Information

Origination Fee (%)
Discount Points (%)
Other Loan Fees ($)

Results
Loan Amount: $150,000.00
Lenght of Loan: 30 Years
Average Monthly Payment: $742.21
Average Rate: 4.299%
Initial Rate: 6.500%
Monthly Payment: $948.10
Period Length: 3 Years
Balance after 3 Yrs: $144,625.86
Adjusted Rate: 3.860%
Monthly Payment: $719.33
Period Length: 27 Years
Origination Fee: $1,500.00
Discount Points: $1,500.00
Prepaid Interest: $406.25
Other Loan Fees: $1,000.00
Total Loan Fees: $4,406.25
Annual Percentage Rate (APR): 4.552%

Instructions
This calculator estimates the Annual Percentage Rate (APR) for a given ARM loan. In addition to its interest rate, we must also take into account the loan's origination fee, discount points, and all other loan fees in order to calculate the APR of the loan. Mortgage loan fees normally include Appraisal, Credit Report, Processing, Document Preparation, Administration, Underwriting, Flood Certificate, Tax Service, Wire Transfer, and other fees. We must also consider prepaid interest. This calculator assumes 15 days of prepaid interest for the purpose of calculating the APR.

Disclaimer: We cannot guarantee the accuracy of this calculator. You should check with your finance provider before entering into any contracts.
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