Property Comparison: Step-by-Step Guide

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The Property Comparison allows you to compare up to three properties and 10 different loan options. Follow the steps to build your comparison: 

  1. Click on Enter the property information for each home. The required information is:
    • Location: Select a state and county using our classic dropdowns or click Use Smart Search to search with an #MLS, address, county or zip code. Then click the green search button. 
      • If the location is found, it will say Location Found in green on the top of the page.  
      • If there are multiple results found, you will need to select from the dropdown.
    • Property name
    • Price
    • Annual Property Tax
    • Monthly Home Insurance
    • Monthly Association Fee
  2. Optional: Click on the home clipart to change the image. You can upload your own photo by clicking Upload Image or choose from one of our generic images. Click Use Image.
  3. To add a third property click the + sign under Add Property and repeat the steps 1 and 2. 
  4. Click Go to Loans.

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  1. Input loan information under Add New Loan. 
    • Property: Select which property you’re creating the loan for from the dropdown.
    • Loan Name
    • Down Payment
    • Term
    • Loan Program
    • Loan Type
    • Rate
    • Points
    • Monthly Mortgage Insurance
    • Closing Costs
  2. Click Add Loan.
    • You can add up to 10 loans.
  3. Under Loans to Compare:
    • You can filter loans by property by using the dropdown under Loans to Compare
    • Click the clock icon next to the loan name if you’d like to generate a Cost of Waiting analysis for that specific loan.
    • Click the pencil icon to make edits to a loan.
    • Click the + icon to copy the loan.
    • Click the trash can icon to delete the loan.
  4. Once all of the loans are entered, click Calculate.
  5. As you scroll down, an adjustable slider will appear in the top left hand corner of the page to reflect the amount of years your customer plans on staying in the home.
    • Estimates in your analysis will be based on the amount of years selected.

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Summaries of each property will be shown. These summaries include: price, location, amount of loan options entered, annual property taxes, and monthly home insurance.

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Click View Analysis to generate a loan comparison for that specific property. The analysis shows:

  • The price, location, tax, homeowner’s insurance and association fee.
  • Total Monthly Cost Snapshot: Total monthly payment for each loan broken down by principal, interest, taxes, HOA, PMI and home insurance. 
  • The Lowest Cost Loan: Shows which loan will cost your customer the least amount of money over time. 
  • Principal & Interest: Total amount paid up to that year in time on each loan, broken down by principal vs. interest.
  • Total Equity: Total amount of equity your customer would gain with each loan option up to that year in time.

Click Compare All to generate a full property comparison. This will compare both properties and all the loans associated with them.

Go to the next article to learn more about your Property Comparison report.

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