K*z
2 楼
哪个州的?
y*n
6 楼
请问为什么 0 cost 的 refin
APR 比 RATE 高?
【在 s*******t 的大作中提到】![](/moin_static193/solenoid/img/up.png)
: 看zillow
: http://www.zillow.com/mortgage-rates?request=ZR-QRMYBQD
APR 比 RATE 高?
【在 s*******t 的大作中提到】
![](/moin_static193/solenoid/img/up.png)
: 看zillow
: http://www.zillow.com/mortgage-rates?request=ZR-QRMYBQD
k*o
12 楼
rate = monthly rate * 12, I guess you refer annualized simple interest rate.
APR = (monthly rate + 1) ^ 12 - 1, I guess you refer annualized compound
interest rate.
In some sense, you are absolutely correct. However, normally, but not always
, in the mortgage industry, (effective) APR is the fee + compound interest
rate.
In order to let borrowers shop around, APR is used to have the same benchmark regardless how the combination of cost and rate is evolved. ($2000 3.875% vs. $5000 % 3.125%)
In the special case (i.e. no fee), APR rolls back to rate if we could (temporally)
ignore compounding effects.
Details is here: http://en.wikipedia.org/wiki/Annual_percentage_rate
BTW, compounding effects may play significant role in the investment arena, especially long term retirement plans (i.e. 401k. 403b, Roth IRA, traditional IRA, SIMPLE, SEP, pension, etc)
【在 a*w 的大作中提到】![](/moin_static193/solenoid/img/up.png)
: rate和APR不是一回事。
: rate = monthly rate * 12
: APR = (monthly rate + 1) ^ 12 - 1
APR = (monthly rate + 1) ^ 12 - 1, I guess you refer annualized compound
interest rate.
In some sense, you are absolutely correct. However, normally, but not always
, in the mortgage industry, (effective) APR is the fee + compound interest
rate.
In order to let borrowers shop around, APR is used to have the same benchmark regardless how the combination of cost and rate is evolved. ($2000 3.875% vs. $5000 % 3.125%)
In the special case (i.e. no fee), APR rolls back to rate if we could (temporally)
ignore compounding effects.
Details is here: http://en.wikipedia.org/wiki/Annual_percentage_rate
BTW, compounding effects may play significant role in the investment arena, especially long term retirement plans (i.e. 401k. 403b, Roth IRA, traditional IRA, SIMPLE, SEP, pension, etc)
【在 a*w 的大作中提到】
![](/moin_static193/solenoid/img/up.png)
: rate和APR不是一回事。
: rate = monthly rate * 12
: APR = (monthly rate + 1) ^ 12 - 1
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