Mortgage Rates vs APR: Spot the Real Cost

Many lenders advertise low headline interest rates while hiding substantial origination fees, discount points, and admin charges in the fine print.

The Annual Percentage Rate (APR) reflects the true annual cost of borrowing, incorporating both the interest rate and upfront finance charges.

Comparing Loan Estimates side-by-side using APR and Box A/B lender fees ensures you aren't paying hidden fees for a seemingly lower interest rate.