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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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