Refinance and Home-Equity Loan
Comparison Worksheet
Lender 1 Lender 2 Lender 3 Current
Mortgage
Name of Lender
Name of Loan Officer/Contact
Phone Number
Date
Basic Information on the Loan
Loan program
Loan amount requested
Type of loan category
Type of loan
Loan term
Interest rate
Annual percentage rate (APR)
Points
LTV or CLTV
Mortgage insurance
requirements
Estimated monthly escrow for
taxes and homeowners
insurance
Debt-to-income ratio
Estimated monthly payments
for all loans
Refinance and Home Equity Loan Comparison
Worksheet
(continued, page 2 of 4)
Lender 1 Lender 2 Lender 3 Current
Mortgage
Loan Fees
Application fee
Origination fee
Processing fee
Underwriting fee
Appraisal fee
Credit report fee
Document preparation fee
Broker fee
Other fees
Total loan fees
Are any of the fees
negotiable?
Are any of the fees refundable
if the loan is denied?
Other Loan Considerations
Prepayment penalties
Is there a prepayment
penalty?
How much is the penalty?
How long does the penalty
period last?
Are extra principal payments
allowed?
Refinance and Home Equity Loan Comparison
Worksheet
(continued, page 3 of 4)
Lender 1 Lender 2 Lender 3 Current
Mortgage
Other Loan Considerations
Rate lock-in
Is the rate lock-in in writing?
Is there a fee?
When does lock-in occur?
How long will the lock-in last?
Is there a float-down provision
if the rate drops before
closing?
Credit life insurance
Does the monthly amount
quoted include an optional
charge for credit life
insurance?
How much lower would the
payments be without credit life
insurance?
Balloon payment
Does the loan have a balloon
payment?
When is it due?
Refin