The current
estimated effective interest rates for the CDC loan are in the table below.
Not exact matches
The
Estimated APR: Your
Estimated APR in the results section shows you the
effective interest rate of your new loan if you treat your closing costs like
interest charges.
You can check a bond fund's sensitivity to
interest rates by looking up its
effective duration, which can be used to
estimate how much the fund would gain (or fall) should
interest rates decline (or rise) by 1 percentage point.
Because of this,
rates you see listed by CDCs are
estimates of the actual
effective interest rates, which are calculated by the CSA.
The
effective interest rates you see listed are
estimates due to the complexity of calculating the
rates.
3 «
Effective interest rate» is equal to the borrower
interest rate, reduced by Lending Club's
estimate of the impact of uncollected
interest prior to charge off.
As a result, the average
effective interest rate (calculated by amortizing initial fees over the
estimated life of the loan) dipped from 4.12 percent in August to 4.09 percent.
As a result, the
effective interest rate (which amortizes initial fees over the
estimated life of the loan) also declined by 2 basis points, to 4.33 percent.
The result was an average
effective interest rate on new home loans (which amortizes initial fees over the
estimated life of the loan) that went from 4.27 to 4.25 percent.
The combination of declines in the contract
rate and initial fees took the average
effective interest rate on new home loans (which amortizes initial fees over the
estimated life of the loan) down 8 basis points to 4.39 percent (after two consecutive months above 4.40).