Money factor

Over 2200 Glossary Terms

Money factor

A money factor is used to determine the lease rate for an automobile. It is the lease equivalent of the interest rate on a conventional loan. The money factor is the current annual percentage rate divided by 24.

Get Mortgage Rates

SecureRights Policy

National Rates

Loan Type Today
30 yr fixed 4.83
15 yr fixed 4.39
5/1 ARM 3.69

Compare Rates »

Rates may contain points

Browse Mortgage Rates