What does APR represent? Just nervous.I'm about to sign documents this morning, but I am paranoid about the high APR. I got 4.5% interest and the APR is listed as 5.2%. Now is the extra % due entirely to closing fees including the 1 point that I payed at closing? Or could there be extra monthly or yearly fees involved. I am just trying to make sure there is no extra fee each year of the mortgage that the lender may have charged aside from 4.5% compounded interest as well as hazard insurance, pmi, and real estate taxes. February 11 2011 - Santa Clarita00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.