Free LE review
Did your lender give you a fair deal?
Paste the numbers from your Loan Estimate. We’ll compare them line-by-line against today’s wholesale rate sheet and the typical fees for your scenario, and tell you exactly where you can do better.
About your loan
From the "PURPOSE" line on the LE metadata box.
From the "SALE PRICE" line on the LE metadata box.
Your middle credit score on the credit pull your LE was based on.
Loan Terms
From "Loan Amount" line in the Loan Terms box.
From "Interest Rate" line in the Loan Terms box.
From "Monthly Principal & Interest" line in the Loan Terms box.
From the "RATE LOCK" line on the metadata box (page 1, top-right).
Costs at Closing
The bottom-line number — Section J on page 2 (Total Closing Costs).
A. Origination Charges
The total at the top of "A. Origination Charges" on page 2 — includes any points line, plus processing, underwriting, application, wire transfer, etc. Read the bottom-line number off your LE.
Lender Credits
Shown as a negative number on the LE (e.g. "−$1,500"). Enter the absolute dollar amount here. Enter $0 if there are no credits.
Annual Percentage Rate (APR)
Top of the "Comparisons" box. APR is "your costs over the loan term expressed as a rate." Always higher than the note rate by 0.2-0.5%.
We don’t save the numbers you enter. No SSN, no signup. Comparison runs against today’s wholesale rate sheet.
Match the form to your LE
The form on the left is laid out the same way as your Loan Estimate disclosure. Each field tells you exactly which page and section to copy from. Hit “Review my Loan Estimate” when you’re done.
About the Loan Estimate
What is a Loan Estimate?↓
The Loan Estimate (LE) is a 3-page TRID-required disclosure that lenders must send within 3 business days of receiving your mortgage application. Page 1 shows the loan terms (rate, monthly P&I, lock period). Page 2 itemizes closing costs (origination charges, services you can shop, taxes, prepaids, escrow). Page 3 includes APR, total interest paid over the life of the loan, and 5-year cost projections. The LE is regulated and the lender can't change it without issuing a new one.
Should I get multiple Loan Estimates?↓
Yes. The CFPB explicitly recommends shopping at least 3 lenders. Multiple credit pulls within a 14-45 day window count as a single inquiry on your credit score, so there's no FICO downside. Run each LE through this tool to see which one is fair-market vs. overcharged — the differences across lenders for the same scenario are routinely $5,000-$15,000 over the life of the loan.
What's the difference between rate, APR, and points?↓
The interest rate is what your monthly principal-and-interest payment is calculated on. APR includes the interest rate PLUS most fees and prepaid items, expressed as a single annualized percentage — it's a more apples-to-apples comparison number. Discount points are upfront fees paid at closing that 'buy down' the interest rate (typically 1 point = ~0.25% rate reduction). A wide gap between APR and rate (>0.5%) usually means heavy fees baked into the loan.
What is an origination fee and is it negotiable?↓
Origination fees compensate the lender for processing your loan — appearing in Section A of the Loan Estimate page 2. Wholesale-channel brokers (like HomePilot) typically charge $0 origination because we're paid by the wholesale rate spread. Retail lenders often charge 0.5%-1.0% of the loan amount. Origination is sometimes negotiable; ask your lender to explain what the charge covers.
What does it mean if my rate is 'above par'?↓
Par rate is the wholesale-channel rate at which the lender pays nothing extra for your loan and you pay no points to buy it down. If your LE's rate is above par, it usually means the lender is keeping the rate spread as profit — without giving you a corresponding lender credit. If your LE shows discount points being charged AND a rate above par, you're paying twice (in points to buy down + in rate above where you should be).
Are wholesale-channel brokers actually cheaper than my bank?↓
Usually yes, by 0.25%-0.50% on rate plus lower or zero origination. Banks lend their own money and price for their P&L. Mortgage brokers shop your scenario across 40+ wholesale lenders and price you at the best wholesale rate. The wholesale-channel rate is what brokers see; retail lenders mark that rate up before showing it to you. The 'best deal' question varies by scenario — it's worth comparing both.