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Updated almost 12 years ago on . Most recent reply
Understanding APR Question
Hello BP Family. I just have a quick question about understanding "APR." I think I am over thinking this, but I just wanted to make sure I fully understand it.
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Here's my example:
Bank A Has...
30-year fix loan at 4%
Points = 2.15
APR = 4.179%
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How does the APR tie into the 4% (from interest of the 30-year loan)? Or is the APR the percentage of the loan with all the added fees?
Thanks!