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Updated over 5 years ago on . Most recent reply

Peter Korty's profile image
Peter Korty's profile image
Peter Korty
  • Member since Jan 27, 2020

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63
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20
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Peter Korty's profile image
Peter Korty's profile image
Peter Korty
  • Member since Jan 27, 2020
Peter Korty
20
Votes |
63
Posts
Real Estate Deal Analysis & Advice

Loan Rate vs APR for the Calculators

Peter Korty
Posted

Hi BP Community,

When using the calculators, should I be using the loan rate or the APR? So for example, my rate quote I received from my bank for a $130k, 30 year fixed rate loan is 3.25% + 3.875 points for an investment property, but they also gave me the ARP as 3.66%. Which should I use?

Thanks for the help,

Pete

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