How Do Closing Costs Impact the Interest Rate?

If you choose to finance your closing costs, your monthly loan payments will be higher than if you pay the closing costs out-of-pocket. In order to help borrowers compare loans, it is best to look at the annual percentage rates (APR) which takes into account the closing costs. Use this calculator to itemize closing costs and compare loans with different rates, fees or terms.

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    If you choose to finance your closing costs, your monthly loan payments will be higher than if you pay the closing costs out-of-pocket. In order to help borrowers compare loans, it is best to look at the annual percentage rates (APR) which takes into account the closing costs. Use this calculator to itemize closing costs and compare loans with different rates, fees or terms.