When more than one lender comes back with a number, Offers & Scenarios is where you set them side by side. Every figure recomputes live as you edit an input, so a rate or fee change shows its effect on the spot rather than after a save.
Opening Offers for a Deal
Pick a deal from the selector at the top of the page, then switch between the Offers tab and the Scenarios tab. Offers are the lender numbers actually on the table; scenarios are what-if models you build to test a strategy before an offer exists to back it. Both lists show how recently their rates were fetched, so you know how current the figures on screen are.
Adding an Offer and Its Fees
Add Offer takes the lender's title, rate type, product type, mortgage amount, rate, term, amortization, and payment frequency, plus prepayment privileges. Each fee on the offer gets its own row, classified with four toggles: whether it counts toward the cost of borrowing, whether the lender requires it, whether it's financed into the loan, and whether the lender pays it to you. A fee financed and paid to you at once is flagged as a distinct case, since it changes how the cost-of-borrowing math treats it.
What the Comparison Recomputes
Each offer card shows rate and monthly principal and interest up top, then a derived estimated APR, an estimated insurance premium where the deal is insured, an estimated penalty to break the term, and the effect of using the prepayment privileges - months shortened and interest saved. A payment-by-frequency table and the fee breakdown are both there to expand. Every figure is estimated and none of it is asserted as the lender's own quote; a variable rate computes at today's rate.
Quoting Mortgage Protection on an Offer
Each offer card carries a mortgage protection quick-quote, reusing the deal's existing life insurance quote rather than starting a second one. Quote or re-quote from any offer card; the estimate shown is shared across all of them since it's one quote per deal, not per offer.
Building a What-If Scenario
Scenarios model a purchase or refinance before you have a firm offer: down payment, product type, debts being paid out, and a source for the down payment. The card recomputes the implied mortgage amount, freed monthly cash flow, an insurance premium where it applies, payment options across a few rate choices, and closing costs including land transfer tax. It's the tool for showing a client what a strategy does to their numbers before a lender is even in the conversation.
What to Do Next
- Use the Deal Calculator for a quicker single-offer estimate outside the full comparison.
- Track a Lender's Response to see how an offer's terms first land on the deal.