Decoder

Your Closing Disclosure, decoded

Line up the final numbers against the estimate you were given and see exactly what moved, and whether it was allowed to.

StateCounty

Loan purpose: purchase.

From your Loan Estimate

1Loan amount$The total you are borrowing.2Interest rate%The rate on the note. Not the APR.3Monthly principal and interest$The part of the payment that pays the loan itself.4Estimated total monthly payment$Adds taxes, insurance and mortgage insurance.5Estimated closing costs$Everything you pay to get the loan, before your down payment.6Estimated cash to close$What you bring to the table.7In 5 years, total paid$The form's own five-year total.8APR%The rate once fees are counted. This is not your interest rate.

From your Closing Disclosure

What changed

Line	Loan Estimate	Closing Disclosure	Change	What to know

The three-day rule

You must receive this form at least three business days before closing. If the APR changed by more than 0.125 points on a fixed-rate loan, the loan product changed, or a prepayment penalty was added, the clock restarts.

This is different from the three-day right to cancel that some refinance and home equity borrowers get after signing. That rescission rule does not apply to a home purchase. Source: CFPB.

You pay

in interest and fees over 5 years, from your Closing Disclosure

Over 30 years

total interest and fees on this loan

Compared with your county in 2025

Before you sign

Benchmarks are 2025 first-lien conventional purchase loans reported under HMDA. lowest.mortgage is not a lender and does not review your loan. This tool explains the numbers you enter; it is not legal advice.