loan-estimateeducationguide
How to Read Your Loan Estimate: Line by Line Guide
January 5, 2026How to Read Your Loan Estimate
The Loan Estimate (LE) is a standardized 3-page document that helps you understand and compare mortgage offers.
Page 1: Loan Terms & Costs
Loan Terms Box
- Loan Amount: How much you're borrowing
- Interest Rate: Your locked or estimated rate
- Monthly Principal & Interest: Base payment
Costs at Closing
- Closing Costs: Total fees (detailed on Page 2)
- Cash to Close: What you need to bring
Page 2: Closing Cost Breakdown
Section A: Origination Charges
Lender fees including points.
Section B: Services You Cannot Shop For
Required services chosen by lender.
Section C: Services You Can Shop For
Title, survey, pest inspection.
Page 3: Comparisons
APR
True cost of borrowing including fees.
Compare Offers
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