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Real Financing Cost

The real financing cost takes into account specific costs and fees, potential rate changes and the projected amount of time you will have the loan. The costs and fees are distributed over the time you plan to be in the house, allowing you to do an apples-to-apples comparison of a variety of loan types. The real financing cost is different from the annual percentage rate, which assumes that you keep your loan for the entire term and includes only some of your loan fees.

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