What information is typically found in a closing disclosure?

The closing disclosure is a critical document in a real estate transaction, and it serves to provide the final terms and costs associated with the mortgage and closing process. This document includes detailed information such as loan terms, interest rates, monthly payments, closing costs, and the total amount the borrower will need to pay at closing. The purpose of the closing disclosure is to ensure transparency and allow all parties involved, especially the buyer, to have a clear understanding of the financial commitments they are making.

In contrast, while the seller's financial history, a list of included appliances, and the buyer's credit score may be relevant to different parts of the home buying process, they are not included in the closing disclosure. The focus of the closing disclosure is specifically on the financial aspects directly related to the closing itself.