Definition of mission for Students. 1 : a task that is assigned or begun. 2 : a task that is regarded as a very important duty She thinks of teaching as her mission. 3 : a group of missionaries. 4 : a group of people sent by a government to represent it in a foreign country.
15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year Fixed-Rate Loan at 2.875% and 70.00% loan-to-value (LTV) is $1369.18 with 2.125 points due at closing. The Annual Percentage Rate (APR) is 3.311%. Payment does not include taxes and insurance premiums.
Using this tool, I found a low 3.4% APR on a $200,000 30-year, fixed-rate mortgage in my home state of Tennessee from AimLoan.com. If I wanted an adjustable-rate mortgage for the same amount instead, I could get a low 2.8% APR from AimLoan.