Mortgage Interest Rate vs APR: What’s the Difference?

Mortgage interest rate vs APR comparison showing mortgage rates, lender fees, and home loan costs

When comparing mortgage offers, you will usually see two percentages: the mortgage interest rate and the annual percentage rate (APR). Although they look similar, they measure different things. Understanding mortgage interest rate vs APR can help you compare lenders, understand borrowing costs, and avoid choosing a loan based on an attractive advertised rate alone.