What is the difference between an interest rate and APR?
The interest rate is the cost of borrowing the loan amount. The APR also includes certain fees and costs, so it gives a fuller picture of the loan's yearly cost. Compare APRs between Loan Estimates for the same loan type.
Trinathen Lending LLC · NMLS #2783720 · Equal Housing Lender. Market figures come from MLS listings as of October 14, 2026 and are not a guarantee of value.