YOUR MORTGAGE, WITH MORE CLARITY
A little clarity.
A lot more
confidence.
Big decisions deserve clear answers. Understand the numbers, compare the details, and ask better questions about your next mortgage.
For home purchases and refinances. Educational tools, personalized guidance.
Less guesswork. More understanding. Start with what matters to you.
01 / COMPARE ACCURATELY
Two offers.
One clearer conversation.
A lower rate can come with more upfront cost. Use this walkthrough to see what is different—and what to ask before choosing.
Work with the same loan amount, term, and program.
Make the comparison fair.
Use two fixed-rate offers for the same transaction. If the loan amount, term, or program differs, ask for matching estimates first.
Keep the rate lock in view. Confirm each offer’s lock status and expiration date. An unlocked estimate can change with the market.
Put the details side by side.
Enter totals from page 2. Section A includes any discount points; don’t add them twice. Enter lender credits as a positive amount.
What belongs in each section?
A · Origination charges Lender charges, including any points.
B · Cannot shop for Required services whose providers the lender selects.
C · Can shop for Required services you can shop for, subject to lender requirements.
E–H · Other costs Taxes and government fees, prepaids, initial escrow, and other items. Estimates can differ; confirm assumptions and providers.
J · Lender credits An offset to closing costs. Ask how a credit affects the rate.
Read the tradeoff, not just the rate.
These results use your entries. They do not rank lenders, assess eligibility, or calculate APR.
Illustrative examples only. Default rates and amounts are invented for learning; they are not current rates, an advertisement of available terms, or a loan offer. Mortgage insurance and escrow are excluded from the comparison’s P&I. Review your official Loan Estimates and contact Jake for guidance.
Cash to close includes more than lender pricing. Check deposits, seller credits, prepaids, and escrow assumptions before treating a smaller total as a better offer.
Review it with Jake ↗02 / EXPLORE THE NUMBERS
Change an assumption.
See what changes.
Get a feel for the costs before you make a decision. Try a monthly budget, a purchase cash-to-close estimate, or an upfront-cost tradeoff.
What makes up the monthly cost?
A simple, fully amortizing fixed-rate purchase scenario. Include costs you might pay separately, too.
What might you bring to closing?
Purchase only. Enter unfinanced closing fees and eligible credits. Prepaids and escrow are separate inputs to avoid double counting.
Is the upfront cost worth exploring?
Compare two fixed-rate scenarios with the same loan amount and term. Enter the total extra upfront cost for the lower-rate option.
For education, not a quote. Rates are hypothetical; APR is not calculated. Taxes, insurance, and fees vary. Program-specific upfront fees, financed costs, and adjustable-rate features are not modeled. All loans are subject to credit and underwriting approval.
03 / BREAKING DOWN MORTGAGE JARGON
Real explanations.
Without the runaround.
The words come up fast. Find the meaning—and a useful question to ask about your own loan.
THE NEXT STEP IS A CONVERSATION
Let’s make sense
of your mortgage.
Buying your first home, moving up, or considering a refinance? Bring your questions. We’ll talk through the details and what they mean for your goals.
jmassing@amfedmtg.com · My American Federal Mortgage page ↗
Please don’t send Social Security numbers, account numbers, or sensitive documents by email. Ask Jake about a secure way to share them.