Annual Percentage Rate (APR)

Annual percentage rate (APR) is a value reflecting true annual cost of borrowing money.  This can be calculated as the rate (for a payment period) multiplied by the number of payment periods in a year. Expressed as a percentage, APR can vary depending on if lender fees and closing costs are rolled into the loan.


Consider a $200,000 loan to be paid over the course of 30 years with a 4.5% interest rate.  The APR is 4.5% and monthly payment is $1013.37.

For APR calculators and other mortgage calculators click here.

apr calc

Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. For questions regarding the annual percentage rate (APR) contact Alyssa at 757-329-6161 or You can also find Alyssa on Facebook or on the web at