Mortgage Rates Today

Mortgage Rate And Apr

When you borrow money or make an investment, you know the interest rate is important. But as you compare rates on financial products, you.

The annual percentage rate, or APR, includes the interest rate and all other borrowing costs, such as mortgage insurance and other loan fees, and is expressed as a percentage.

How to compare mortgage interest rates and APRs. When looking at APR vs. interest rate, at its simplest, the interest rate reflects the current cost of borrowing expressed as a percentage rate. The interest rate does not reflect fees or any other charges you may need to pay for the loan.

The Annual Percentage Rate (APR) is 4.687%. After the initial 5 years, the principal and interest payment is $1,277.36. The fully indexed rate of 4.25% is in effect for the remaining 25 years and can change once every year for the remaining life of the loan.

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