APR. The yearly cost of a mortgage, including interest, mortgage insurance, and the origination fee (points), expressed as a percentage. The annual percentage rate can be looked at in two primary ways: the nominal rate, which is a non-adjusted simple interest rate, or the effective rate, which takes compound interest into account. While the nominal rate is relatively straightforward, there can be many different ways of calculating the effective rate, depending upon how fees are factored into the equation.
Related information about Annual Percentage Rate:
- Annual percentage rate - Wikipedia, the free encyclopedia
The term annual percentage rate (APR), also called nominal APR, and the term effective APR, also called EAR, describes the interest rate for a whole year ...
- Annual Percentage Rate (APR) Definition | Investopedia
The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds ...
- Financial Annual Percentage Rate Calculator
Calculates the Annual Percentage Rate for loans with added costs.
- Annual Percentage Rate (APR) - Banking and Loans at About.com
Annual Percentage Rate (APR) helps you compare loans and understand costs. It won't give you a perfect answer, but it's as close as you can get to an ...
- Annual percentage rate - Wiki | The Motley Fool
... percentage rate. Jump to: navigation , search. An annual percentage rate, or APR, is the quoted annual rate of interest paid on a deposit or charged on a loan.
- Mortgage annual percentage rate calculator
Bankrate.com provides FREE mortgage annual percentage rate calculators and loan calculator tools to help consumers learn more about their mortgage APR ...
- Annual Percentage Rate Calculation Program for Windows (APRWIN)
The Windows-based version of the Annual Percentage Rate program (APRWIN v 6.2 - Released 5/2008) is an efficient tool for verifying annual percentage rates ...
- Annual Percentage Rate - Financial Dictionary - The Free Dictionary
In the context of credit cards, the periodic rate times the number of periods in a year. For example, a 1.5% monthly rate has an APR of 18%. In the context of ...