Intrest rate?? WhAT?

I have been looking once again, into what loan we will be using for our new home.

YES we all know the BEST option is the 100% down.. however for me.  Not gonna happen

I have been trying to figure out the differance btween APR and Intrest rate for a while... and I haev found an answer.

Thanks to Bank Of America!
If you need this hope it helps! 

When shopping for a Glossary Term:mortgage Information Panel or thinking about refinancing your mortgage, keep in mind that an advertised Glossary Term:interest rate Information Panel isn’t the same as your loan’s Glossary Term:annual percentage rate Information Panel (APR). What’s the difference?

• The interest rate refers to the cost of borrowing money and is expressed as a percentage.
• The APR, also expressed as a percentage, reflects the effective cost of your loan on a yearly basis. It takes into account fees and costs such as Glossary Term:interest Information Panel, mortgage Glossary Term:insurance Information Panel, mostGlossary Term:closing costs Information Panel, Glossary Term:discount points Information Panel and Glossary Term:origination fees Information Panel. APR is an estimate and may change if there are any changes in loan amount, Glossary Term:loan term Information Panel or other criteria. Your Glossary Term:monthly payment Information Panel is not based on APR, it's based on the interest rate on your Glossary Term:promissory note Information Panel.

Why the difference? The APR is intended to give you more information about what you’re really getting. By making Glossary Term:lender Information Panel fees part of the equation, you can better see the true cost of a loan and make a fair comparison.

Keep in mind that the APR is for comparison between lenders only. The interest rate quoted is the actual interest rate you would pay on the loan.

So evaluate carefully when you look at the Glossary Term:rates Information Panel lenders offer you. Compare one loan’s APR against another loan’s APR to get a fair comparison of total cost—and be sure to compare actual interest rates, too.