APR is not the same as APY — they are on opposite spectrums of how interest rate is viewed. The annual percentage yield shows how much you can earn annually on interest-bearing deposit accounts.

The APR and interest rate on your mortgage aren’t the same. Here’s what to pay attention to when you compare costs.

Mortgage APR examples Many lenders advertise the APR for their loan products, which can help you more accurately compare mortgage offers and costs.

Purchase APR is the interest rate applied to the purchase balance on your credit card. It’s important to know that your credit card may have different types of balances at different rates.

A credit card interest rate — or APR — refers to the extra amount you’ll owe each month if you don’t pay off your credit card bill in full.

Examples of debt snowball Say you have $25,000 in student loan debt (6% APR), a credit card balance of $8,000 (18.5% APR), a personal loan of $7,000 (17% APR) and another credit card balance of ...

The representative APR example gives you an estimate of how much it might cost if you borrowed a certain amount of money. This helps you compare products and provides a guide on how much carrying ...

The APR and interest rate on your mortgage aren’t the same. Here’s what to pay attention to when you compare costs.