Compare the whole quote.
Not just the rate.

First, line up the assumptions

Ask whether each offer uses the same property, loan amount, loan type, term and intended occupancy. Confirm dates and lock status before treating price differences as comparable.

A plain-English Loan Estimate walkthrough

1. Page 1: the loan and payment. Check the terms and whether amounts can change. Separate principal and interest from the projected total payment; ask what taxes, insurance or other expenses are excluded.
2. Page 2: where the cash goes. Compare points, lender charges and credits separately from third-party costs, prepaids and escrow funding. Reconcile cash to close with deposits and other credits.
3. Page 3: comparisons and details. Review the comparison figures and additional terms. Ask how the costs fit the time you expect to keep the loan—not just its full term.

Questions to ask either lender

• Are these the same loan amount, term, program and property assumptions?
• Which figures are estimates, and which have been confirmed?
• Is the rate locked? When does the lock expire, and what happens if closing is delayed?
• What am I paying in points and lender charges, net of lender credits?
• What makes the full payment different from principal and interest?
• Why do cash-to-close amounts differ between offers?
• How would points compare if I sell or refinance sooner? Refinancing is not assured.
• Can the rate or payment adjust, or is there an interest-only period, balloon or prepayment penalty?
• What conditions still need to be met before closing?

Keep the source documents private

Do not put loan documents, account numbers or Social Security numbers into the website inquiry. Ask Aaron for approved secure sharing instructions. Printing uses your browser; choose “Save as PDF” if available.

Educational checklist, not an offer, approval or individualized recommendation. Prepared October 24, 2026. References: CFPB Loan Estimate explainer and reviewing Loan Estimates. These explainers do not apply identically to every product; ask about the disclosures for your particular loan.