Sample Closing Documents
Familiarize Yourself Before Closing
Becoming familiar with the settlement documents below will provide a peace of mind as you review them at the closing table. These documents, specific to your transaction, will become available to you as your settlement date approaches.
The HUD-1 Settlement Statement is an itemized list of all debits and credits associated with the real estate transaction for both the buyer and seller. For a mortgage refinance, it simply lists all the charges paid by the borrower. See Example.
The seller’s Closing Disclosure shows a breakdown of all the expenses associated with the seller’s side of the transaction, whether due at closing or previously paid. See Example.
The buyer’s Closing Disclosure shows a breakdown of all the expenses associated with the buyer’s side of the transaction, whether due at closing or previously paid. See Example.
A good faith estimate is a breakdown of approximate payments due upon the closing of a mortgage loan. See Example.
A loan estimate is provided by your lender upon applying for a loan. It includes details about the mortgage you’ve applied for, such as closing costs and mortgage rates. See Example.