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Living版 - Mortgage Rate vs. APR

MORTGAGE 半个月付一半 省钱吗？问问这个mortgage rate正常么？
What is current interest rate for 30yr fixed mortgage?这个是什么意思？
APR and Rate?关于mortgage rate 和 Annual Percentage Rate（APR）的区别
loan的rate和APR有trick?interest rate 和 APR 有啥区别

 1 (共1页)
s*****a

1

for example:
_______________________________________________
Mortgage Program | Rate (%) | APR (%)
___________________|____________|_____________
30 Yr Fixed | 4.875 | 5.027
___________________|____________|_____________
5/1 ARM | 3.375 | 3.480
s**********d

2
ignore APR。没有丝毫的意义。
k******e

3
say, you loan is monthly payment.
If rate is R, APR=[1+(R/12)]^12-1
some banks charge extra fee on top of loan. They will put them into APR. So,
check it if this is the case.

【在 s*****a 的大作中提到】
: 经常看到这两个术语在一起，不知道怎么理解这个APR?
: for example:
: _______________________________________________
: Mortgage Program | Rate (%) | APR (%)
: ___________________|____________|_____________
: 30 Yr Fixed | 4.875 | 5.027
: ___________________|____________|_____________
: 5/1 ARM | 3.375 | 3.480

s**********d

4

So,

【在 k******e 的大作中提到】
: say, you loan is monthly payment.
: If rate is R, APR=[1+(R/12)]^12-1
: some banks charge extra fee on top of loan. They will put them into APR. So,
: check it if this is the case.

a******e

5

So,

【在 k******e 的大作中提到】
: say, you loan is monthly payment.
: If rate is R, APR=[1+(R/12)]^12-1
: some banks charge extra fee on top of loan. They will put them into APR. So,
: check it if this is the case.

k******e

6
well, i may have typo. but if you have a excel, please use it to check.
also, excel has a loan funtion, very convenient.

【在 s**********d 的大作中提到】
: 你错了。不知道不要误导。
:
: So,

s**********d

7

APR毫无意义，ignore。

【在 a******e 的大作中提到】
: 看起来第一个是加了extra fee了。。。。这帮银行死坏死坏。。
:
: So,

s**********d

8

【在 k******e 的大作中提到】
: well, i may have typo. but if you have a excel, please use it to check.
: also, excel has a loan funtion, very convenient.

k******e

9
also, this is why bi-weekly payment save money. If you compare this two
cases.

【在 k******e 的大作中提到】
: well, i may have typo. but if you have a excel, please use it to check.
: also, excel has a loan funtion, very convenient.

s**********d

10

【在 k******e 的大作中提到】
: also, this is why bi-weekly payment save money. If you compare this two
: cases.

APR and Rate?Locked Rate 3.0% today for 15-year
loan的rate和APR有trick?最近大家有从TD Bank 贷款吗?

k******e

11
interest,
compound interest,
APR=compound interest + fee
most big banks have no extra fee other than compund interest.
you just wiki it.
period.

【在 s**********d 的大作中提到】
: 接着说，还能整出多少错。
A******r

12
When you’re shopping for a mortgage, comparing offers can be difficult. The
interest rate lenders use to determine your monthly payment (also called
the note rate) is only one part of the overall cost of a mortgage. That’s
why it’s misleading to compare loans by looking only at this number. A
better means of comparison is the annual percentage rate, or APR.
The APR formula
The APR formula combines a l

【在 s*****a 的大作中提到】
: 经常看到这两个术语在一起，不知道怎么理解这个APR?
: for example:
: _______________________________________________
: Mortgage Program | Rate (%) | APR (%)
: ___________________|____________|_____________
: 30 Yr Fixed | 4.875 | 5.027
: ___________________|____________|_____________
: 5/1 ARM | 3.375 | 3.480

k******e

13

f*******e

14
mortgage interest does not compound. It is paid off every month.
APR is meaningless, it is associated with too much assumption.

【在 k******e 的大作中提到】
: interest,
: compound interest,
: APR=compound interest + fee
: most big banks have no extra fee other than compund interest.
: you just wiki it.
: period.

q********m

15

compounding periods 就是 periodic effective rate, 可以直接算payment。
mortgage的quote， rate=APR， APR=APR including Fees

【在 k******e 的大作中提到】
: 一直不明白，为什么有人光知道指责别人说得错，自己就不说为什么呢？这样bully别
: 人有意思吗？

t**s

16

【在 q********m 的大作中提到】
: 和课本上的不一样， 课本上APR是annual percentage rate,除以number of
: compounding periods 就是 periodic effective rate, 可以直接算payment。
: mortgage的quote， rate=APR， APR=APR including Fees
: 你还算好的，我以前被一帮人bully死了，特别是有个在industry做的小硕。

t**s

17
killtime 说得不对，因为他貌似在阐释复利和单利。其实美国的利率 by default 就

APR 是联邦政府规定的，lender 等应该提供给老百姓的一个数据 (因为老美很多是数

RATE。

k*********r

18
The APR showed in TILA (Truth in Lending Act) is annual percentage rate, not
adjusted rate. But your interpretation is correct. It represents the
relationship of the total finance charge to the total amount financed, as a
year rate.

=

【在 t**s 的大作中提到】
: killtime 说得不对，因为他貌似在阐释复利和单利。其实美国的利率 by default 就
: 是复利，亦即那个 RATE。
: APR 是联邦政府规定的，lender 等应该提供给老百姓的一个数据 (因为老美很多是数
: 字上的白痴)：APR = adjusted rate by considering the fees。如果 0 fee，APR =
: RATE。
: 极端情况，如果 lender 给你很多回扣，then APR < rate。

s**********d

19

【在 q********m 的大作中提到】
: 和课本上的不一样， 课本上APR是annual percentage rate,除以number of
: compounding periods 就是 periodic effective rate, 可以直接算payment。
: mortgage的quote， rate=APR， APR=APR including Fees
: 你还算好的，我以前被一帮人bully死了，特别是有个在industry做的小硕。

q********m

20

 1 (共1页)

mortgage上当了What is current interest rate for 30yr fixed mortgage?

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