Closing Disclosure
Also known as CD
A required five-page form detailing your final loan terms and closing costs, sent before closing.
In plain English
Your lender must provide the Closing Disclosure at least three business days before closing, listing your final interest rate, monthly payment, and all closing costs — so you can compare it against your original Loan Estimate.
Always compare your Closing Disclosure line-by-line against your Loan Estimate — unexplained increases in fees are worth questioning before you sign.
Where you'll run into it
Guides and tools on TheBuyingPath that cover closing disclosure in context.
Related terms
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