When searching for a mortgage, (for example, on bankrate.com) you are usually given a list, with each mortgage offer including (details made up):
APR = 3.6% RATE = 3.5% Term = 15 Years $/Month = $1,500 Points = 1.0 Fees = $1,200
What I'm trying to understand is a whether the final payable amount ($1,500*12*15=$270,000) includes only originally-specified principal and interest on it? Or does it also include the fees? And the cost of Points? Or are fees and points in addition to $270,000 listed in the offer?