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The answer is Closing Disclosure. The closing statement used for most residential closings is the Closing Disclosure prepared by the CFPB.
The closing statement, also called a closing disclosure or settlement statement, is essentially a comprehensive list of every expense that either the buyer and seller must pay to complete the purchase of a home (or whatever the property is).
The closing statement includes information related to the cost of buying or selling a home. The form can also include details of the property itself. What's included on your closing statement can depend on whether you're the buyer or the seller. Property details.
The closing agent draws this document up to give both the seller and the buyer details on all fees that are in the transaction. Standard items added to this statement include loan fees, related costs, advanced PMI payments, homeowners insurance, agent commissions, loan settlement amounts and purchase price information.
The closing statement, also called a closing disclosure or settlement statement, is essentially a comprehensive list of every expense that either the buyer and seller must pay to complete the purchase of a home (or whatever the property is).