Mortgage Shopping Worksheet
Lender 1
Lender 2
Name of Lender: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Name of Contact: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Date of Contact: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgage Amount: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
mortgage 1
mortgage 2
mortgage 1
mortgage 2
Basic Information on the Loans
Type of Mortgage: fi xed-rate, adjustable-rate, conventional,
FHA, other? If adjustable, see below . . . . . . . . . . . . . . . .
Minimum down payment required . . . . . . . . . . . . . . . . . . . . .
Loan term (length of loan) . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contract interest rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annual percentage rate (APR) . . . . . . . . . . . . . . . . . . . . . . .
Points (may be called loan discount points) . . . . . . . . . . . . .
Monthly private mortgage insurance (PMI) premiums . . . . .
How long must you keep PMI? . . . . . . . . . . . . . . . . . . . . . . .
Estimated monthly escrow for taxes and hazard insurance
Estimated monthly payment (principal, interest, taxes,
insurance, PMI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fees
Different institutions may have different names for some
fees and may charge different fees. We have listed
some typical fees you may see on loan documents.
Application fee or Loan-processing fee . . . . . . . . . . . . . . . .
Origination fee or Underwriting fee . . . . . . . . . . . . . . . . . . . .
Lender fee or Funding fee . . . . . . . . . . . . . . . . . . . . . . . . . . .
Appraisal fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Attorney fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Document preparation and recording fees . . . . . . . . . . . . . .
Broker fees (may be quoted as points, origination fees,
or