What is the difference between APR and non-APR fees?

Learn the difference between APR and non-APR-related fees. APR fees cover the cost of obtaining your home, including services to get you to the signing table. Non-APR fees encompass the costs of homeownership, such as property taxes and homeowners insurance, which don't involve profit. Both types of fees are accounted for at the final signing table.

Key Takeaways:

• APR Fees: Costs of obtaining the home (loan processing, etc.).
• Non-APR Fees: Costs of homeownership (property taxes, insurance).
• Both fees impact the total cash needed at closing.

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