News for hackers. Stuff that matters.

A comment on Danes Get 20-Year 0% Mortgages. Parent comment

Re:Danes Get 20-Year 0% Mortgages by foobarian on Tuesday January 05, 2021 @03:23PM (#25650518)
There is definitely a difference between APR and the nominal interest rate of a loan. APY is the same as APR if the compounding happens once a year.
[ Parent | on HN ]
Re:Danes Get 20-Year 0% Mortgages by beerandt on Thursday January 07, 2021 @09:04AM (#25671130)
Not if there are fees or points charged by the bank for the loan. They must be included in calculating apr.
[ Parent | on HN ]