Loan Estimate Calculator
Generate your own TRID Loan Estimate. See your projected payment, APR, itemized closing costs by section, total cash to close, and the comparison metrics lenders are required to show — before you receive a real LE from a lender.
Page 1 of the TRID Loan Estimate shows three boxes: Loan Terms, Projected Payments, and Costs at Closing. Here is how your numbers populate each box:
When comparing Loan Estimates from multiple lenders, use these standardized metrics — not just the monthly payment — to find the true best deal:
1. APR first: The lender with the lower APR has lower total fees relative to the rate. This is the single best comparison number.
2. 5-Year Comparison: Page 3 of the Loan Estimate shows the "In 5 Years" box — total payments and principal paid. This is required by TRID law.
3. Cash to close: A lender may offer a lower rate but charge more upfront. The 5-year number shows which is better based on how long you plan to stay.
4. Origination vs rate tradeoff: Paying 1 point ($1/1% of loan) to buy down the rate by ~0.25% is worth it only if you keep the loan long enough to recoup the upfront cost.
How to Use This Loan Estimate Calculator
Enter your Home Price, Down Payment, Interest Rate, Loan Term, and Loan Type. Use "More Options" to customize the origination fee percentage, annual property tax, and insurance. The calculator generates an estimated Loan Estimate showing your projected monthly payment (P&I + escrow), APR, total closing costs, and total cash to close — in the same format as the official TRID Loan Estimate you receive from lenders.
This is a planning tool to help you understand what a Loan Estimate should look like before you receive one from a lender, and to help you compare offers across multiple lenders.
How APR is Calculated
Loan Proceeds = Loan Amount - Financed Fees (Section A + B)
APR is always higher than the note rate because fees reduce what you actually receive
TIP (Total Interest Percentage) = Total Interest ÷ Loan Amount × 100
5-Year Cost = (Monthly Payment × 60) + Total Closing Costs
The APR standardizes the comparison across all lenders — a lender offering 6.5% with high fees may have a higher APR than a lender offering 6.625% with low fees. Always compare APR, not just the note rate.
Example: $400,000 Home — Estimated Loan Estimate
30-Year Conventional at 6.75% — $80,000 Down
| Loan Amount | $320,000 |
| Interest Rate | 6.750% |
| Estimated APR | ~6.983% (including fees) |
| Monthly P&I | $2,076 |
| Monthly Escrow (est.) | $517 (taxes + insurance) |
| Total Monthly Payment | ~$2,593 |
| Total Closing Costs (est.) | ~$12,000 |
| Total Cash to Close | ~$92,000 |
| 5-Year Total Cost | ~$167,600 (payments + closing costs) |
| Total Interest (30 yr) | ~$427,000 |
These are estimates based on typical fee structures. Actual lender fees vary. Use this to evaluate whether a real Loan Estimate you receive from a lender has fees that are reasonable or inflated.