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What is the APR for this loan?

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Description
This calculator estimates the Annual Percentage Rate (APR) for a given loan based on its parameters. In addition to its interest rate, we must also take into account the loan's origination fee, discount points, and all other loan fees in order to calculate the APR of the loan. Mortgage loan fees normally include Appraisal, Credit Report, Processing, Document Preparation, Administration, Underwriting, Flood Certificate, Tax Service, Wire Transfer, and other fees.
What is the APR for this loan?
Loan Information
Loan Amount ($)  Glossary of Terms
Interest Rate (%)  Glossary of Terms
Length of Loan (Yrs)  Glossary of Terms
Mortgage Fees
Origination Fee (%)  Glossary of Terms
Discount Points (%)  Glossary of Terms
Other Loan Fees ($)  Glossary of Terms

Result
Loan Amount: $150,000.00
Interest Rate: 8.000%
Origination Fee: $1,500.00
Discount Points: $1,500.00
Other Loan Fees: $1,000.00
Total Loan Fees: $4,000.00
Monthly Payment: $1,100.65
Annual Percentage Rate (APR): 8.287%

Glossary of Terms
Loan Amount: Money borrowed that is usually repaid with interest to purchase property. Return to Top
Interest Rate: The amount of interest charged on a monthly loan payment; usually expressed as a percentage. Return to Top
Length of Loan: The number of years required to pay off the principal and interest of the loan. Return to Top
Origination Fee: The charge for originating a loan; is usually calculated in the form of points and paid at closing. It is expressed as a percentage of the loan amount. Return to Top
Discount Points: Interest Charges paid up-front when a borrower closes a loan. A point is equal to 1 percent of the loan amount (e.g. 1.5 points on a $100,000 mortgage would cost the borrower $1,500). Generally, by paying more points at closing, the borrower reduces the interest rate of his loan and thus future monthly payments. Return to Top
Other Loan Fees: Fees include appraisals, credit report, document preparation, underwriting, flood certificate and Tax Service. Return to Top

Disclaimer: We cannot guarantee the accuracy of this calculator. You should check with your finance provider before entering into any contracts.