Rate and APR
The rate sets your payment. The APR adds points and lender fees, so loans with different costs can be compared.
How this tool works
The APR spreads the upfront charges over 30 years. If you will keep the loan only a few years, the upfront charges matter more than the APR suggests; the who costs least tool shows the cost for the years you expect to keep it.
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See it with your own numbers
Daniel builds your Mortgage Plan from what you tell him: every loan option that fits, side by side.