In a 30 fixed mortgage, why Interest rate, APR and Estimated payment per thousand per month are diff

In a 30 fixed mortgage- 2point loan, why Interest rate, APR and Estimated payment per thousand per month are different?

here are the vlalues:

Interest rate:5.250%

APR:5.46%

Estimated Monthly Payment per $1,000: $5.52

In a 30 fixed mortgage, why Interest rate, APR and Estimated payment per thousand per month are different?

Based on fair lending regulations, you must disclose the APR. The APR is inclusive of points and fees. So while the on going interest rate is 5.25% in this case your APR (after fees and points) is 5.46%

The regulation was enacted to give borrowers a way to compare all loans by a standard number namely APR.

The problem is that many lenders skirt the rules by charging fees that fall outside the APR calculation like processing fees and overnight fees.

In a 30 fixed mortgage, why Interest rate, APR and Estimated payment per thousand per month are different?

Two 30-year fixed-rate loans at the same interest rate should have the same monthly payment per thousand dollars. If they don't, they are concealing details of the loan terms. I've found that many mortgage brokers are pretty stupid and do not understand the mathematics behind the calculations.

In a 30 fixed mortgage, why Interest rate, APR and Estimated payment per thousand per month are different?

Interest rate is the actual rate you are being charged on the amount you are borrowing. There are costs involved in this trasaction so the APR includes the costs in the transaction and turns them into a percentage.