When you get it
The lender must provide a Loan Estimate within three business days of receiving your application, the CFPB says.
Calculate your monthly payment →
The table
Regulation Z requires a separate table headed «Projected Payments» that itemizes each periodic payment, together with an estimate of taxes, insurance and assessments and the payments made from escrow.
Principal & Interest
The first row is the payment due under the loan terms, labeled «Principal & Interest». With monthly payments it reads «Monthly Principal & Interest». This is the figure the calculator's principal and interest line reproduces.
Taxes, Insurance & Assessments
Below the table, the form shows the sum of these charges as a monthly amount, even if no escrow account will be set up for some or all of them. It also says which of them are in escrow.
Entering it here
Type the loan amount, rate and term from the form, then the yearly tax and insurance. If the Loan Estimate lists mortgage insurance, enter its monthly amount. You can then hold your total against the estimated total monthly payment on the form. A gap can come from rounding or from items you left out.