Compare apples to apples.

When shopping around for a mortgage, it’s not enough to just ask about the interest rate and the monthly payment. Obtain all information on the complete cost of the mortgage, including mortgage rates, points and fees. Ask all prospective mortgage lenders for information on the same loan amount, loan term and type of loan so you can effectively compare mortgages. Also, for adjustable rates, ask mortgage lenders to calculate how much your monthly mortgage payments will be a year, 5 years and 10 years from now. It might help to make a mortgage shopping list. You can find examples online, like the one here.

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