Home Equity Comparison Use this template to prepare a comparison of home equity loans. Before you decide which lenders to submit an application, do some shopping around to compare the fees, annual percentage rates, closing costs, and repayment arrangements. To view the template, click the worksheet tab labeled Template at the bottom of the screen or press Ctrl-PgDn. With the exception of data entry cells, all cells are protected. Use the Tab key to move from one unprotected cell to the next. Home Equity Loan Comparison Checklist <--Enter preparer's name in cell to the left <--Enter date prepared in cell to the left Basic Features Fixed annual percentage rate Variable annual percentage rate Name of index used (variable rate only) Amount of margin (variable rate only) Frequency of rate adjustments (variable rate only) Interest rate caps (variable rate only) Periodic cap Lifetime cap Repayment period Initial fees Appraisal fee Points Application fee Title search Other closing costs Repayment Terms Interest and principal (monthly payments) Interest only payments Balloon payment (home equity line of credit) Renewal available (home equity line of credit) Refinancing of balance by lender