Loan Details
Points & Closing Costs
Stated Rate 6.000%
Actual APR
Hidden Cost +0.130%
Closing Cost Breakdown
Discount Points $3,200
Origination Fee $0
Other Closing Costs $1,200
Total Closing Costs $4,400
Loan Summary
Monthly Payment — Principal & Interest (P&I) $1,919
Total Monthly Payments $690,682
Total Interest Expense $370,682
True Cost of Loan $695,082
True cost = Total Payments + Closing Costs
Real APR Analysis Report
Generated:
Loan Information
| Loan Amount | $320,000 | Stated Rate | 6.000% |
| Loan Term | 30 years | Actual APR | 6.130% |
Closing Costs
| Discount Points | $3,200 |
| Origination Fee | $0 |
| Other Closing Costs | $1,200 |
| Total Closing Costs | $4,400 |
Loan Summary
| Monthly Payment | $1,919 |
| Total Interest | $370,682 |
| True Cost of Loan | $695,082 |