| Lender 1 | Lender 2 |
| Name of Lender | | |
| Name of Contact | | |
| Date of Contact | | |
| Mortgage Amount | | |
| Basic Information on the Loans | Mortgage 1 | Mortgage 2 | Mortgage 1 | Mortgage 2 |
| Type of Mortgage: Fixed 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 interest rate add-on) | | | | |
| Credit report fee | | | | |
| Other fees | | | | |
| Other Costs at Closing/Settlement | | | | |
Title search/Title Insurance
For lender
For you | | | | |
| Estimate prepaid amounts for interest, taxes, hazard insurance, payments to escrow | | | | |
| State and local taxes, stamp taxes, transfer taxes | | | | |
| Flood determination | | | | |
| Prepaid Private Mortgage Insurance (PMI) | | | | |
| Surveys and home inspections | | | | |
| Total Fees and Other Closing/Settlement Cost Estimates | | | | |
