The interest rate on a mortgage indicates how much interest you’ll pay for the amount you borrow. The annual percentage rate (APR) is the interest rate plus additional fees and any points.

an interest rate, and an APR. What does this additional rate mean for your mortgage? A mortgage APR gives you a holistic view of how much the mortgage will cost overall, over the entire loan term.

APR attempts to factor in upfront costs to deliver a true “cost of financing” which is typically higher than the interest rate ... costs” in our mortgage rate definition article.

The interest rate on a loan is typically noted on an annual basis and is expressed as an annual percentage rate (APR). An interest rate can also apply to a savings account or a certificate of ...

A credit card’s interest rate is called its APR, or annual percentage rate. Different rates may be applied to various types of transactions — which could include purchases, balance transfers ...

In the context of consumer lending, the APR takes into account more than the interest rate applied to the principal per period. Under the Truth in Lending Act, it has a specific definition and ...