Build one row per offer
Use the same loan amount, property assumptions, and expected holding period. Record whether the rate is fixed or adjustable, when it can change, points paid, lender credits, origination charges, and services you can or cannot shop for.
A lower rate may require more cash at closing. A larger credit may reduce upfront cost while increasing the rate. Neither is automatically better without a time horizon.
- Rate and adjustment rule
- Points and lender credits
- Cash to close
- Monthly principal and interest
Calculate a break-even range
Compare cumulative upfront and monthly costs at several plausible sale or refinance dates. Include prepayment rules where applicable and keep taxes, insurance, and property costs separate from lender pricing.
Use the official disclosure to verify values. Advertising examples may use a different credit profile, loan size, occupancy, or point assumption.
Compare two actual Loan Estimates and identify the month when the higher-upfront option becomes less expensive, if it ever does.