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Lender 1 |
Lender 2 |
| Name of Lender |
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| Name of Contact |
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| Date of Contact |
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| Mortgage Amount |
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| 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. |
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| Minimum down
payment required |
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| Loan term
(length of loan) |
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| Contract
interest rate |
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| Annual
percentage rate (APR) |
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| Points (may be
called loan discount points) |
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| Monthly Private
Mortgage Insurance (PMI) premiums |
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| How long must
you keep PMI? |
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| Estimated
monthly
escrow for taxes and hazard insurance |
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Estimated
monthly payment
(Principal, Interest, Taxes, Insurance, PMI) |
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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. |
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| Application fee
or Loan processing fee |
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| Origination fee
or Underwriting fee |
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| Lender fee or
Funding fee |
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| Appraisal fee |
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| Attorney fees |
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| Document
preparation and recording fees |
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| Broker fees
(may be quoted as points, origination fees, or interest rate
add-on) |
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| Credit report
fee |
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| Other fees |
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| Other Costs at
Closing/Settlement |
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Title
search/Title Insurance
For lender
For you |
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| Estimate
prepaid amounts for interest, taxes, hazard insurance,
payments to escrow |
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| State and local
taxes, stamp taxes, transfer taxes |
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| Flood
determination |
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| Prepaid Private
Mortgage Insurance (PMI) |
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| Surveys and
home inspections |
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| Total Fees and
Other Closing/Settlement Cost Estimates |
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