Uses the Actuarial Method of calculating APRs for mortgage loans.

Based on Wheatworks experience developing financial calculators for corporate clients, APR Spread Calculator uses the Actuarial Method of calculating Annual Percentage Rates for mortgage loans as explained in Appendix J of 12 CFR Ch. II, Pt. 226, the portion of the United States Code of Federal Regulations known as Regulation Z. In addition to the basic APR calculation, APR Spread Calculator also provides a spreadsheet-like grid of APRs by loan amounts and fixed fee amounts. The loan amount and fixed fee amount axes are spread incrementally based upon user-modifiable ranges.