Mortgage Shopping Worksheet Template
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1
2Mortgage Shopping Worksheet
Lender 1
Lender 2
Name of Lender
Name of Contact
Date of Contact
Mortgage Amount
BASIC INFORMATION ABOUT THE LOAN
Mortgage 1
Mortgage 2
Mortgage 1
Mortgage 2
What type of loan is it?
Fixed Rate
Variable (Adjustable) Rate
Conventional
FHA, VA
Other? ________________________
Minimum Down Payment
Loan Term (Length of Loan)
Contract Interest Rate
Annual Percentage Rate (APR)
Points (Sometimes called Discount Points)
Estimated Monthly Payment
Does this include escrow for taxes and insurance
If YES, how much is for escrow?
Does the loan have PMI (Mortgage Insurance)
How much a month and for how long?
FEES - Different lenders have different terms, this is a list
of typical fees
Origination or Underwriting Fee
Broker Fees (Maybe quoted as points origination fees, or
interest rate add on)
Application or Loan Processing Fee
Lender Fee or Funding Fee
Appraisal Fee
Credit Report
Attorney Fees
Recording Fees
Document Preparation
Yield Spread Premium (YSP) - Paid to Broker
Other Fees:
1)
2)
OTHER CLOSING OR SETTLEMENT COSTS
Title Search
Title Exam/Binder
Title Insurance
Estimated prepaids for interest, taxes, hazard insurance and
escrow payments
State and Local Taxes, stamp taxes, transfer taxes
Flood Determination
Prepaid PMI
Surveys
Home inspections/Pest inspection
TOTAL FEES AND CLOSING COSTS ESTIMATES
The California
Toll Free:
1-866-ASK-CORP
Department of Corporations
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Parent category: Financial