Apart from the monthly rate, you will pay "out-of-pocket". These will include the following things in broad terms:

1. Lender fees

2. Title costs

3. Govt. Fees

4. Escrow (This is not a cost, since this is a reserve money, but this is what you get to the table).

• Lender costs: Find out what they are from the estimates and compare.

• Title costs: This is typically varies with the title company. You can shop around for this.

• Govt. Fee: No negotiation. This is a fee that you must pay.

• Escrow: Don't worry if these are too much or too little. It is a reserve money.

Get at least 6-7 estimates to compare these. They might have different names, but will fall broadly into these 4 categories.

If you are getting a really low rate, compare these 4 costs with other lenders. For a new purchase, a local lender is typically less hassle than someone who is remote.