Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply

Comparing two lenders' closing cost estimates: apples to apples?
Two of my lenders sent their "closing cost" estimates for a loan amount of about $50k.
One guy seems to have included everything and the kitchen sink (termite inspection, entire year of home insurance, courier fee, etc).
One guy seems to have left some things out.
In order to compare apples to apples, which portion of their estimates should I look at?
Just the "lending fees /origination fee / loan charge"? Or the APR?
In other words, if the prepaids and escrows and title searches are going to cost approximately the same regardless of lender, which portions can tell me which lender is a better deal?
Many thanks! Brian