How to choose a rate

[JayCinta Henry]

Got these rates from better.com. In consideration for SFR purchase, about $250k, as a primary with 5%, house hack for one year and then rent out. Goal is to cashflow and future equity.

1-Which rate makes sense? 

2-What factors do you take into consideration in order to make a decision that's makes sense in selecting a rate?

Lowest monthly payment

Rate (APR)

4.125% (4.529%)

Principal & interest

$1,037 mo.

Points

$9,348Select

Rate (APR)

4.250% (4.609%)

Principal & interest

$1,052 mo.

Points

$8,095Select

Rate (APR)

4.375% (4.681%)

Principal & interest

$1,068 mo.

Points

$6,662Select

Rate (APR)

4.500% (4.754%)

Principal & interest

$1,084 mo.

Points

$5,258See details

Rate (APR)

4.625% (4.852%)

Principal & interest

$1,100 mo.

Points

$4,527Select

Rate (APR)

4.750% (4.937%)

Principal & interest

$1,116 mo.

Points

$3,453Select

Rate (APR)

4.875% (5.030%)

Principal & interest

$1,132 mo.

Points

$2,632Select

Rate (APR)

5.000% (5.117%)

Principal & interest

$1,148 mo.

Points

$1,661Select

Rate (APR)

5.125% (5.202%)

Principal & interest

$1,165 mo.

Points

$638Select

Rate (APR)

5.250% (5.312%)

Principal & interest

$1,181 mo.

Points

$262Select

Standard

Rate (APR)

5.375% (5.427%)

Principal & interest

$1,198 mo.

Credits

- $444Select

Rate (APR)

5.500% (5.553%)

Principal & interest

$1,215 mo.

Credits

- $752Select

Rate (APR)

5.625% (5.679%)

Principal & interest

$1,231 mo.

Credits

- $1,364Select

Rate (APR)

5.750% (5.805%)

Principal & interest

$1,248 mo.

Credits

- $1,880Select

Rate (APR)

5.875% (5.930%)

Principal & interest

$1,265 mo.

Credits

- $2,455Select

Rate (APR)

6.000% (6.056%)

Principal & interest

$1,282 mo.

Credits

- $2,883Select

Rate (APR)

6.125% (6.182%)

Principal & interest

$1,300 mo.

Credits

- $3,313Select

Lowest closing costs

Rate (APR)

6.375% (6.434%)

Principal & interest

$1,334 mo.

Credits

- $3,441