Closing Disclosure
A Closing Disclosure (CD) is a five-page federal form itemizing your final loan terms, rate, monthly payment, and all closing costs.
What Closing Disclosure means
Lenders must deliver the CD at least three business days before closing so you can review it. Compare it line-by-line against your original Loan Estimate to catch any unexpected fee changes.
Florida example
A Florida buyer who spots their title fee jumped $600 on the CD can question it before signing. The three-day rule exists precisely to give borrowers time to verify the numbers and avoid surprises at the table.
Your final loan numbers
A closing disclosure is a five-page form that spells out the final terms of your loan. It lists your rate, monthly payment, closing costs, and the exact cash you bring to closing.
It closely mirrors the loan estimate you got at the start, so you can compare the two.
The three-day rule
By law you must receive the closing disclosure at least three business days before you sign. That window lets you review the numbers without pressure.
We go through it with you line by line so nothing surprises you. Reach out and we will make sure your final figures match what you were promised.
Verify the details for your own situation against these government and agency sources: Freddie Mac Primary Mortgage Market Survey and Federal Reserve H.15 selected rates.