Decoder

Your Loan Estimate, decoded

Type the numbers from page 1 and 3 of your Loan Estimate. We translate every line into plain English and show what it costs you over time. Nothing is stored.

Loan EstimatePage 1 of 3

Loan Terms

1Loan amountNot entered yet

2Interest rateNot entered yet

Monthly Principal & Interest

3Principal & interestNot entered yet

Projected Payments

4Estimated total monthly paymentNot entered yet

Costs at Closing

5Estimated closing costsNot entered yet

6Estimated cash to closeNot entered yet

Loan EstimatePage 3 of 3

Comparisons

7Total you will have paid in 5 yearsNot entered yet

8Annual percentage rate (APR)Not entered yet

StateCounty

Loan purpose: purchase.

1Loan amount$The total you are borrowing.2Interest rate%The rate on the note. Not the APR.3Monthly principal and interest$The part of the payment that pays the loan itself.4Estimated total monthly payment$Adds taxes, insurance and mortgage insurance.5Estimated closing costs$Everything you pay to get the loan, before your down payment.6Estimated cash to close$What you bring to the table.7In 5 years, total paid$The form's own five-year total.8APR%The rate once fees are counted. This is not your interest rate.

What this means for you

You pay

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in interest and fees over 5 years

APR

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vs rate, the gap is your fees

Cash to close

Not entered yet

Compared with your county in 2025

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Estimated cost over time

Interest, points and fees paid to date. Principal is not included, you get it back as equity.

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Benchmarks are 2025 first-lien conventional purchase loans reported under HMDA. Your loan may differ for good reasons. lowest.mortgage is not a lender and does not review your loan.

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What this means for you

Estimated cost over time

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