Start with the loan terms, full monthly payment and estimated cash due at closing. Then review fees and compare offers on the same assumptions. Ask about anything that differs from what you discussed.
Use the form to separate the loan payment, closing costs and the money you need to bring.
Explore a goal below. No contact information needed.
I want to understand the monthly payment
On page 1, check the loan terms and Projected Payments. Separate loan repayment and interest from mortgage insurance, taxes and homeowners insurance. Ask which costs are included, which can change and which you must pay separately.
Start with page 1
Check the loan terms and Projected Payments.
Separate the payment parts
Principal pays down the loan; interest is borrowing cost. Check mortgage insurance, property taxes and homeowners insurance too.
Ask what can change
Find out which amounts are included, which may change and which you pay separately.
Find Estimated Cash to Close on page 1, then the cost details and Calculating Cash to Close on page 2. Check how the down payment, fees, deposits and allowed credits lead to the amount still due. That amount is different from closing costs alone.
Find Estimated Cash to Close
Start on page 1, then review cost details and Calculating Cash to Close on page 2.
Follow the additions and reductions
The down payment and closing fees add costs. Deposits already paid and allowed credits can reduce the amount still due.
Ask why the totals differ
Closing costs alone are not the same as the cash still needed. Ask about any amount you do not recognize.
Use the same home price, down payment, loan term and quote date. Review the interest rate, rate-lock status, fees, credits, full payment and cash needed. Check page 3 comparisons, then ask why amounts differ. This page does not upload or read your own form.
Match the starting assumptions
Use the same price, down payment, loan term and quote date where possible.
Compare more than the rate
Review fees, credits, full payment, cash needed and the page 3 comparisons. Points are upfront fees for a potentially lower rate; lender credits can help with closing costs, often for a higher rate.
Ask about differences
Check rate-lock timing and conditions. This page does not upload, read or compare your own documents automatically.
The monthly paymentLoanLoan repayment and interest may not be the full home payment.Details +
Check taxes, insurance and other listed amounts. A principal-and-interest number alone does not show the full cost of owning the home. Principal means money paid toward the loan balance.
The cash neededCashClosing costs and cash to close are different amounts.Details +
Cash to close is the estimated money still due at closing. It includes the down payment, closing costs and adjustments for items such as your deposit or allowed credits.
Comparing FHA and conventional offers?
Use the same price, down payment and loan term. The full costs matter, not just the interest rate.
Why is the cash needed different?
Down payment, fees, deposits and allowed credits all affect what is still due at closing.
Do the debt numbers look right?
Ask which student loan payment the lender counted. It can differ from the bill you currently pay.
We were amazed at how quickly Troy closed our home loan. His speedy communication saved us so much time.
Willa Henderson Fayetteville, NC
Review for Troy Schuricht
★★★★★
We were blown away by how fast and seamless our closing process was with Troy. He locked in a great rate quickly and handled every detail so we could move into our home on schedule!
Yara Mansfield Show Low, AZ
Review for Troy Schuricht
★★★★★
Troy and his team got us to the closing table in record time. They were super efficient and kept everything moving fast!
