Common use of Comparison rate Clause in Contracts

Comparison rate. We work out the comparison rate used in the calculation of the interest rate differential charge in section 5.21.1 as follows: term. If the posted rate was more than your interest rate, the difference is your discount. If you have a blended interest rate (as described in section 1.4), the discount is a blend of any discount you received on the prior loan and any discount you received on the additional loan amount. If an amount was paid to us to buy down your interest rate, the rate buy down is not included in the discount.

Comparison rate. We work out the comparison rate used in the calculation of the interest rate differential charge in section 5.21.1 as follows: term. If the posted rate was more than your interest rate, the difference is your discount. If you have a blended interest rate (as described in section 1.4section1.4), the discount is a blend of any discount you received on the prior loan and any discount you received on the additional loan amount. If an amount was paid to us to buy down your interest rate, the rate buy down rate is not included in the discount.

Comparison rate. We work out the comparison rate used in the calculation of the interest rate differential charge in section 5.21.1 as follows: term. If the posted rate was more than your interest rate, the difference is your discount. If you have a blended interest rate (as described in section 1.4), the discount is a blend of any discount you received on the prior loan and any discount you received on the additional loan amount. If an amount was paid to us to buy down your interest rate, the rate buy down is not included in the discount.