Did you know that the advertised APR and the APR you really pay on a loan isn�t necessarily the same? It�s true! By the time you include other factors such as closing costs, your APR will not be exactly what you thought it was.
If you purchase a home valued at $300,000.00 and take out a 30 year loan with a 5.000% interest rate, you will actually be paying 5.128% if you make a $30,000.00 down payment. This figure is computed after factoring in the closing costs and the points, assuming you purchase one point with the loan you take out.
