Lender
Comparison Worksheet
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Name of Lender |
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Phone Number |
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Name of Contact |
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Amount of Mortgage |
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Type of Mortgage Available
(fixed, ARM, FHA, VA, other) |
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Interest rate |
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Points |
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APR |
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Loan Terms
(15, 20, 30) |
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Minimum down payment
required: |
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Without PMI |
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With PMI |
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If PMI required: |
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Upfront Cost |
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Monthly
Premium |
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How long
required? |
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Assumable? |
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Loan Processing Time |
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Lock-In: |
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Upon
application or approval? |
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Interest rate
and points? |
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Written
agreement? |
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Effective how
long? |
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Lower lock-in
if rates drop? |
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Prepayment: |
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Is there a
penalty? |
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Extra
payments allowed? |
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Escrow required? |
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for taxes? |
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for
insurance? |
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Closing Cost Estimates: |
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Application/document preparation/origination fee |
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Credit report
fee |
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Appraisal fee |
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Survey fee |
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Escrow/Attorney fee |
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Title
search/insurance |
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Assumption
Fee |
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Payment Schedule (Monthly
or biweekly) |
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