Short Answer
To verify your closing statement is correct, compare the final Closing Disclosure to the Loan Estimate you received when you applied. Check that the loan amount, interest rate, monthly payment, and closing costs match what you agreed to. Confirm that seller credits, earnest money, and other deposits are properly credited. Verify that the prorated taxes and other adjustments are accurate. If anything looks different, ask your lender or closing agent to explain before you sign.
Your Closing Disclosure is the final accounting of your transaction, and it is essential to verify its accuracy before signing. Start by comparing the loan terms: loan amount, interest rate, and loan type should match your Loan Estimate. Check the monthly payment, including principal, interest, taxes, and insurance. Review the closing costs section and compare each fee to your Loan Estimate. If any fee increased by more than 10%, the lender must provide an explanation. Confirm that your earnest money deposit is credited on page three. Verify that any seller credits or lender credits are applied correctly. Check the prorated taxes and HOA fees to ensure they are calculated correctly based on the closing date. Confirm that the total cash to close matches what you prepared to bring. If you are receiving funds as a seller, confirm the net proceeds match your expectations. If you have questions about any line item, ask your agent, lender, or attorney before signing.
Bob's Advice
Redfin Senior Agent · AI Certified Agent
I review every Closing Disclosure with my clients before closing day. There are a lot of numbers, and it is easy to miss a mistake. I have seen errors in prorated taxes, missed credits, and incorrect fee amounts. The three-day review period is there for a reason. If something does not look right, we have time to fix it before you sign. Do not be afraid to ask questions. It is your money and your transaction, and you have the right to understand every line.
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