Since Mortgages Typically Have Multiple Costs Associated with Them, a Borrower

Multiple Choice

Since mortgages typically have multiple costs associated with them, a borrower may attempt to reduce these costs into a single measure in order to compare two or more mortgages. Which of the following measures is a popular tool for comparing the cost of several mortgages?

A) Upfront fees
B) Contracted interest rate
C) Annual percentage rate
D) Teaser rate