Conventional loans are a good option for borrowers who can afford a larger down payment of 20 % or more and want to avoid the added cost of mortgage insurance. (bpfund.com)
The annual percentage rate is a rate that reflects the total cost of your mortgage loan expressed in terms of an annual interest rate. (bhhsinrealty.com)
To determine the total cost of the mortgage loan, add the fees plus the interest you will pay over the course of the loan. (abcloanguide.com)