Did you know that there is more than one way to compute the interest on a loan?

Normally, interest rates on all fixed-term mortgage loans are computed semi-
annually. However, for mortgage loans with a variable rate, some lenders use a
semi-annually capitalized variable rate, while others use a monthly compounded
variable rate.

This difference in the calculation changes the payment by only a
few dollars per month but, over a long period of time, it can significantly affect the
overall cost of your loan.

For example: for a $250,000 mortgage amortized over 25 years, the customer
will pay $3.40 more per month if the lender capitalizes monthly, an increase of
$1,020.

Do some digging; might as well keep this money in your pocket. Your
advisor knows where to go and who to deal with in order to save you money.