Create one standard scenario and give it to each lender. The worksheet works best when every quote is from the same day and clearly identifies its lock status. Write down what is missing; an incomplete quote is a reason to ask a question.
A useful comparison makes differences visible rather than hiding them in a single score.
Hold the scenario steady
Record purchase price or property value, loan amount, down payment, occupancy, credit assumptions, product, term, and lock duration. Different inputs can produce different pricing before a lender’s competitiveness even enters the picture.
Compare cash, payment, and timing
For Lenders A, B, and C, record rate, APR, points in dollars, lender charges, lender credits, principal and interest, estimated total payment, cash to close, and expected closing timeline. Mark tax and insurance estimates that are not yet verified.
Keep an explanation with each quote
Ask who will process the loan, which conditions remain, how pricing changes are handled, and what happens if the closing date moves. Save the written answer with the estimate. Service expectations matter, but do not invent a score that pretends unverified claims are facts.
Your action list
0 of 6Progress is saved in this browser. No account needed.
Optional. Saved only on this device; not sent to a lender.
Keep learning from the source
Official resources for context and current requirements. Links do not imply endorsement.
CFPB: Understanding your Loan Estimate ↗CFPB: Points and lender credits ↗General education, not an approval or personalized recommendation. Loan terms and eligibility vary. Our editorial standards.