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Welcome > Resources > Mortgage Calculators > What Is Your APR? ...

The Best Mortgage Calculators On the Web!

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it!

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules.

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more.

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you...

What Is Your APR?

Use this calculator to determine the Annual Percentage Rate (APR) for your mortgage. Press the report button for a full amortization schedule, either by year or by month.

This Financial Calculator requires a Browser with Java Support

Definitions

Annual Percentage Rate (APR): A standard calculation used by lenders. It is designed to help borrowers compare different loan options. For example, a loan with a lower stated interest rate may be a bad value if its fees are too high. Likewise, a loan with a higher stated rate with very low fees could be an exceptional value. APR calculations incorporate these fees into a single rate. You can then compare loans with different fees, rates or different terms.
Mortgage amount: Original or expected balance for your mortgage.
Interest rate: Annual interest rate for this mortgage.
Term in years: The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
Monthly payment: Monthly principal and interest payment (PI).
Total payments: Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total interest: Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.
Loan origination percent: The percent of your loan charged as a loan origination fee. For example, a 1% fee on a $120,000 loan would cost $1,200.
Discount points: Total number of "points" purchased to reduce your mortgage's interest rate. Each "point" costs 1% of your loan amount.
Other fees: Any other fees that should be included in the APR calculation. These fees can vary by lender, but at a minimum usually includes prepaid interest.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Buyers Remorse >First Time Buyers

People who are selling their homes should know something about the market group from which their buyers are likely to appear. Many homes are perfect for a first-time buyer. First-time buyers are making a major purchase they have never attempted before, and may be unusually subject to the inevitable stress and anxiety that goes with buying a home.

First-time home buyers are usually younger (between 25 and 34 years of age) and have distinct buying patterns. First-timers are often looking for homes that are smaller, and perhaps older, than repeat buyers. The median home size for first-time buyers is about 1450 square feet. Approximately four in ten first-timers will buy homes built before 1960, compared to two in ten repeat buyers.

First-time buyers are in the process of developing a clearly defined sense of what they want in a house. They may not have enough money to buy their ultimate dream home at first, but seventy-four percent say they like their new home better than their previous residence.

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Holleay Parcker, REALTOR®, real estate agent and broker for Corolla, Outer Banks and Duck, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Holleay Parcker Broker/Owner
SPINNAKER REALTY, LLC
3900 N. Croatan Hwy MP 4
Kitty Hawk, NC 27949
Toll-free Direct: 877.207.1617
Local Mobile: 252.207.1617
Fax: 252.255.1115
Email Holleay now: holleay@OuterBanksRealEstateTips.com

Outer Banks Real Estate - The Most Important Tip You Need to Know Before Buying Property on the Outer Banks

The most important decision you must make before purchasing Outer Banks real estate is selecting the agent you will work with. Choosing the right agent will save you time and money; choosing the wrong one may cost you both.

More than 70% of real estate buyers deal with the first agent they speak with. Don't make this costly mistake!

Research has shown that many people spend more money on their second home or investment property than they do on their primary residence. This means that your Outer Banks real estate purchase may well be the most valuable financial decision of your lives.

With so much at stake, it's important that you secure the best possible agent to represent your interests.

Why would you settle for less than the very best?

When selecting the right Outer Banks real estate agent for your needs, consider these tips:

1. Is your agent a member of the Institute for Luxury Home Marketing?

Members have received extensive training in handling exceptional properties in the upper tier market.

Whether or not you are considering a home in the million dollar range, shouldn't you choose an agent who has received the highest level of training?

I am a proud member of the Institute of Luxury Home Marketing. Only 4 other agents in the entire Outer Banks real estate market (936 agents strong) can make this claim.

2. Has your agent received the Certified Luxury Home Marketing Specialist designation?

Unlike many other designations, this one is performance-based, which means that the agent has achieved a solid track record of sales in the upper 10% of their market.

I have earned the coveted CLHMS designation, and only 2 other agents on the Outer Banks have received theirs.

3. Has your agent been recognized as a Million Dollar Guild member?

Million Dollar Guild status is accepted by real estate consumers the world over as the industry's elite. Success in the million dollar and above arena has been demonstrated and certified.

Simply put, it doesn't get better than this.

My strong performance in the luxury home tier has earned me membership in the exclusive Million Dollar Guild club.

Now that you realize that not all agents are alike, shouldn't you be calling the very best agent to assist you?

Let's talk about your Outer Banks real estate needs today. You may reach me toll-free direct at 877.207.1617.

I look forward to hearing from you.

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