House Refinance Center
Mortgage Comparison Worksheet
Comparing 3 Lenders
Mortgage Amount:
 mortgage
A1
 mortgage
A2
 mortgage
B1
 mortgage
B2
 mortgage
C1
 mortgage
C2
Information about the loan. Fixed,
ARM
            
Minimum Downpayment required
            
Term of loan 30 years or 15 years
            
Interest rate
            
Annual Percentage Rate (APR)
            
Points
            
Monthly Private Mortgage Insurance
premiums
            
Monthly escrow for taxes
            
Monthly escrow for insurance
            
Monthly mortgage payment. Principal,
Interest
            
FEES
            
Application/Loan processing fee
            
Origination/Underwriting fee
            
Lender/funding fee
            
Appraisal fee
            
Attorney fee
            
Document preparation/recording fee
            
Broker fees
            
Credit report fee
            
Other fees
            
Costs at Closing/Settlement
            
Title search (lender &borrower)
            
Title insurance (lender &borrower)
            
Prepaid interest
            
Prepaid taxes
            
Prepaid house insurance
            
Payments to escrow
            
State and local taxes
            
Stamp taxes
            
Transfer taxes
            
Prepaid Private Mortgage Insurance
            
Surveys
            
Home inspection
            
Other closing costs
            
Total Fees & closing costs
(estimated)
            
Less: Adjustments the lender will
offer
            
Net Fees & closing costs
            
Your Choice of lender is:
            
Contact name, email & phone #
            
3 Lenders: A, B, C

Offering 2 types of mortgages 1, 2
Questions to ask the lender:

Which of these fees and costs can you waive?

Is there a prepayment penalty? If no, is this addressed in your mortgage contract? If there is a
prepayment
penalty, how much?

Are we allowed to make extra payments towards the principle? If yes, what is the maximum, and how often
can we make the payments?

When do we have to lock-in the rate?

How long will the lock-in last?

If the rate drops before the closing date, do we get the lower rate?

Do we need credit life insurance? If yes, can we shop around for our own deal?

If we have to get credit life insurance through you, how much does it cost?
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