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The rate charged in order to borrow a lender's money. The interest rate takes into account the risk and cost to the lender for a loan. The interest rate depends on the going market rate and how many discount points are paid up-front. An adjustable rate mortgage's interest is a variable rate determined by the index and the margin.

When the term is used in conjunction with a Mortgage Marvel mortgage calculator, the term specifically applies to the annual interest rate for the mortgage.

Interest-Only ARM

Interest-Only Loan

Interest-Only Mortgage

Interest Rate

Interest Rate Buy-Down Plan

Interest Rate Cap

Interest Rate Caps