Whsdfile the isfnterest rate shouldnsf’t be a deciding factorsdf, you must consider it. For example, isfsff a $100,000 loan has repdsfayment sdfterms ofsdf five years, sfa difference ofsf two percentage points may not matsdfter much. However, if the loan were for $1 million spread out over 20 years, those percentage points would be signisdfficant.

Isdft’s asdflso important to look at the annual persdfcentage rate (APR). This tells you the total cost of the loan, includisdfng interesdfst and feesfs.