Definition of mission for Students. 1 : a task that is assigned or begun. 2 : a task that is regarded as a very important duty She thinks of teaching as her mission. 3 : a group of missionaries. 4 : a group of people sent by a government to represent it in a foreign country.
15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year Fixed-Rate Loan at 2.875% and 70.00% loan-to-value (LTV) is $1369.18 with 2.125 points due at closing. The Annual Percentage Rate (APR) is 3.311%. Payment does not include taxes and insurance premiums.
With a mortgage, you want to be more concerned about the annual percentage rate (APR) . The APR on a mortgage is a broad expression of the total annualized cost of borrowing the money. Included in the APR are your points, closing costs, broker fees, and other costs as well as your interest rate.The APR is more inclusive. The government has laws governing how the APR is determined, and this is the number you should look at when comparing different mortgage terms.ncluded in the APR are your points, closing costs, broker fees, and other costs as well as your interest rate. The APR is more inclusive. The government has laws governing how the APR is determined, and this is the number you should look at when comparing different mortgage terms.