[cmarks]

An APR of 4.9% is not a 1.049 factor. A factor rate is essentially a cost of capital. A 30 year mortgage with a 1.049 "factor rate" would be borrowing $100k and paying back $104,900 over 30 years.

I wasn't saying they are equal on anything besides 12 months for Simple Interest loan compared to mca, since an apr in the first year is essentially the same thing https://www.calculatestuff.com/finan...nly-calculator

And abfunders i know there are no 30 yr factor deals but you were comparing the two, so unless you compound a factor deal annually there isnt much of a comparison on a 30 yr mtg