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Buyer's Guidechevron_rightGlossary

Loan Estimate

In plain English

A standard three-page form every lender must give you within three business days of your mortgage application. It shows the rate, the monthly payment and the closing costs.

By David Knorr · Last reviewed October 28, 2026

Why it matters to you

Because every lender uses the same form, you can line them up and compare the rate, the points, the lender's fees and the cash to close. Keep yours: you'll compare it with your Closing Disclosure before closing.

routeStep 2: Get pre-approvedrouteStep 8: Close and move inClosing DisclosureAPRDiscount pointsClosing costs

infoGeneral information based on the standard Georgia REALTORS® purchase contract and public guidance. Your own contract decides: read it, and ask your agent or closing attorney about anything that matters. Not legal or financial advice.