Education

Interest Rate vs. APR: What's the Difference?

June 10, 2026

Hello,

When shopping for a mortgage, you’ll often see two numbers:

Interest Rate

This is the rate charged on the money you borrow.

APR includes the interest rate plus certain loan costs and fees, giving you a broader picture of the loan’s total cost.

For example:

The APR is usually higher because it factors in costs associated with obtaining the loan.

A lower interest rate doesn’t always mean a better deal.

Looking at both the interest rate and APR can help you compare loan options more accurately.

Every situation is different, and sometimes paying a little more in fees can result in a lower payment over time.

Questions about today’s rates? I’d be happy to help.

Sincerely,

Marty Prince
Mortgage Technology
www.MortgageTechLoans.com
Office: 714-289-1609
Email: mprince@socal.rr.com
DRE #00887075
NMLS #246997