What should you use to compare loans?
Interest rate/Annual percentage rate (APR)
The interest rate and/or annual percentage rate (APR) is one of the most important factors to consider when determining which loan is best. For some loan types, comparing interest rates is appropriate, but the APR is a better number to review.
What is a fixed rate APR?
A fixed-rate APR or fixed APR sets an APR that does not fluctuate with changes to an index. The cardholder agreement will say how a card's APR can change over time. You should be able to find a copy of the agreement on your card issuer's website, and you can request a copy from your card issuer if it is not there.
Can closing costs be rolled into mortgage?
Most lenders will allow you to roll closing costs into your mortgage when refinancing. Generally, it isn't a question of which lender that may allow you to roll closing costs into the mortgage. It's more so about the type of loan you're getting – purchase or refinance.
Related Question compare loan interest rates
Does APR include closing costs?
APR is the annual cost of a loan to a borrower — including fees. Unlike an interest rate, however, it includes other charges or fees such as mortgage insurance, most closing costs, discount points and loan origination fees.