Yes. The interest rate is the amount of money you owe, determined on a monthly basis, based on the unpaid portion of your home loan. APR is the interest rate plus additional fees like an origination fee, insurance, and points.
Yes. The interest rate is the amount of money you owe, determined on a monthly basis, based on the unpaid portion of your home loan. APR is the interest rate plus additional fees like an origination fee, insurance, and points.