How to Review a Loan Estimate
How to compare rates, APR, points, origination charges and cash to close.
Quick answer
Compare interest rate, APR, points, origination charges, lender credits, third-party fees, prepaid items and cash to close. A lower advertised rate can cost more when paired with significant points or fees. Compare estimates using the same loan assumptions and date.
What buyers should do
- Get the applicable requirement or cost in writing.
- Compare the information against your contract and loan documents.
- Ask questions before a deadline expires.
- Keep copies of estimates, reports and written responses.
Why property-specific advice matters
Loan programs, insurers, properties and contracts are not identical. Online information is useful for preparation, but a real transaction should be reviewed using the current documents and facts.
Need help applying this to a specific home?
Send the property address and where you are in the process.