Zillow Advice: Mortgage Rates - Still confused on APR & interest rate http://www.zillow.com/advice-thread/Still-confused-on-APR-interest-rate/508268/ Zillow Advice | Zillow Real Estate You use the interest rate ... http://www.zillow.com/advice-thread/Still-confused-on-APR-interest-rate/508268/ You use the interest rate to calculate the mortgage payment.&nbsp; The APR represents the overall cost of credit taking into account the prepaid finance charges associated with the particular loan you seek. Tue, 27 Aug 2013 23:13:00 GMT http://www.zillow.com/advice-thread/Still-confused-on-APR-interest-rate/508268/ 2013-08-27T23:13:00Z You use the interest rate ... http://www.zillow.com/advice-thread/Still-confused-on-APR-interest-rate/508268/ <p>You use the interest rate to calculate your monthly payment.</p> Fri, 23 Aug 2013 19:53:00 GMT http://www.zillow.com/advice-thread/Still-confused-on-APR-interest-rate/508268/ 2013-08-23T19:53:00Z interest rate&nbsp;&nbsp; ... http://www.zillow.com/advice-thread/Still-confused-on-APR-interest-rate/508268/ interest rate&nbsp;&nbsp; ( aka " note rate) ...disregard&nbsp; APR when calculating&nbsp; actual monthly payment amount Fri, 23 Aug 2013 17:35:00 GMT http://www.zillow.com/advice-thread/Still-confused-on-APR-interest-rate/508268/ 2013-08-23T17:35:00Z Interest rate is what you ... http://www.zillow.com/advice-thread/Still-confused-on-APR-interest-rate/508268/ Interest rate is what you will always use. APR just gives you an idea of the total amount it is costing you because you add into the loan amount the amount of fees paid to the lender in points and admin and doc prep fees. Fri, 23 Aug 2013 17:28:00 GMT http://www.zillow.com/advice-thread/Still-confused-on-APR-interest-rate/508268/ 2013-08-23T17:28:00Z