Pricing
The interest rate is used to calculate principal and interest. APR adds certain finance charges so loans can be compared. Points are prepaid interest you can choose to buy a lower rate.
This site does not publish today’s rate or APR. Both move, and both depend on the file. If you want an illustration, type an example rate into the calculator and read it as an illustration.
Questions
Because it includes some fees spread over the life of the loan.
Only if you will keep the loan long enough to earn back the cost. The break-even calculator is the right tool.
No. A lower rate with high points can cost more if you move or refinance soon.
No. A lock happens on a real application, in writing, with an expiration.
Yes. The funding fee can be part of the APR calculation.
On the Loan Estimate after you apply.
Reviewed by Patrick Crawford, NMLS #231625 · Last updated October 28, 2026