Align the scenario before comparing numbers
Use the same property value, loan amount, purpose, program, credit profile, occupancy, property type, term, points, lock period, and closing date. A different assumption can explain a different price.
Separate lender-controlled cost from cash to close
Points plus lender fees minus lender credits describe the lender-controlled portion of the tradeoff. Down payment, taxes, insurance, escrows, and many third-party charges belong in cash to close but should not be used to misstate lender pricing.
Ask what fits the consumer—not which number is smallest
A consumer prioritizing cash today may choose differently from someone seeking the lowest payment over ten years. Lenny uses the selected priority and timeline to explain that distinction.
What could change the answer?
- Any unmatched scenario assumption or missing fee.
- The consumer’s priority and expected time in the loan.
- Rate-lock timing and market changes.
- Lender-confirmed eligibility, final fees, credits, and cash to close.