What information does a Closing Disclosure provide?

• A. Final loan terms, projected payments, and closing costs; it must align with the LE and reflect actual figures.
• B. Property tax assessment details.
• C. Appraisal value.
• D. Mortgage insurance premium details.

Answer: (D)

Closing Disclosure communicates the final terms of your mortgage, the actual monthly payment you’ll make, and the total closing costs you’ll pay at closing. It shows the exact loan amount, interest rate, and the monthly principal and interest (plus any escrow for taxes and insurance) and lists the final projected payments over the life of the loan, along with the final closing costs. It must match the figures shown on the Loan Estimate and reflect the actual amounts you’re closing with. This helps you verify there are no unexpected changes and to compare what you were quoted with what you’ll actually pay. Other details like property tax assessments, appraised value, or separate mortgage insurance specifics aren’t the primary focus of the Closing Disclosure, though related insurance costs may appear as part of the closing costs if applicable.