If you want to do the right thing, take a look at each lender’s quote closely. Look at the rate and closing costs – not just the APR – and note carefully which costs are excluded. Build a little spreadsheet to compare apples to apples. If you want to, run your own numbers with our APR calculator.
You can also lean on your lender to help you wade through APR comparisons. Ask each of them “how is your loan better than the other guy’s?” Show them the good faith estimate (GFE) and ask them to help you understand.
