Which item is not typically included in a Closing Disclosure?

• A. Final loan terms, projected payments, and closing costs
• B. Property appraisal value
• C. Projected payments
• D. Closing date

Answer: (B)

The Closing Disclosure is a final, cost-focused statement that lays out the loan’s terms and what you’ll owe at closing. It must clearly show the final loan terms, the projected payments, the closing costs, and the closing date. A property appraisal value, while important for underwriting and loan approval, isn’t a line item on this disclosure. Appraised value appears in the appraisal report and is used earlier in the process to determine value and loan-to-value, not as a cost or term on the Closing Disclosure. So the item not typically included is the property appraisal value.