The tradeoff table on page three of your Good Faith Estimate (GFE) can help you understand how much your loan payments could change if you pay more settlement charges and receive a lower interest rate or if you pay lower settlement charges and receive a higher interest rate.

Your loan originator must complete the left-hand column of the table with information from your GFE. You can ask your originator if they have the same loan product available with a higher or lower interest rate and, if they do, you can ask them to complete the remaining columns with information about those products for you although they are not required to do so.

TIP: Use the shopping chart on page three of your GFE to compare the features of similar loans offered by different originators. Fill in each column with information from the “summary of your loan” section from the first page of all your GFEs. Compare the costs, fees and rates associated to find the loan that makes the most financial sense for you.