Why a Lower Interest Rate Can Cost You More

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Compare loan offers with a clear look at rates, fees, repayment time, and the money you actually receive. Find out how to weigh mortgage points, car financing, personal loans, and refinancing against your budget.

Learn how to compare interest rates, APR, loan fees, monthly payments, and total loan costs. Explore car loans, personal loans, mortgage points, lender credits, and adjustable rates. See how loan terms, origination fees, trade-in debt, and refinancing affect repayment, and how to compare Loan Estimates while protecting your household budget and retirement plans.

*CHAPTERS*
0:00 Six percent can cost more than seven percent
1:07 The four things that decide what a loan costs
2:02 When a fee changes which loan is cheaper
3:04 Paying money upfront to get a lower rate
4:39 Lender credits and adjustable rates
5:21 How to make two loan offers comparable
7:02 The rate is one number, not the whole price

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