Reviewed by Jeff Shin, NMLS #1041652. Updated .
Also called: CD.
When you get it
Per the CFPB, the lender must provide the Closing Disclosure at least three business days before you close. Use those days. Once you sign, it is much harder to fix a mistake.
What to compare
Put it next to your Loan Estimate and check the loan amount, interest rate, monthly payment, points, closing costs, and cash to close. If something moved, ask why. Check the escrow figures on page 1 too, since taxes and insurance often shift between the two forms. See Closing Disclosure checks before signing.
Changes that restart the clock
Most late corrections can be made at closing. Three kinds of change require a new Closing Disclosure and a new three-business-day wait, per the CFPB: the APR becomes inaccurate, the loan product changes, or a prepayment penalty is added.
Related terms
Related on BankPricer
Sources
Definitions on this page are summarized from the agencies that set the rules. Lenders can add stricter requirements. Checked October 7, 2026.
Not sure which of these applies to you?
That is usually the actual question. Send the situation rather than the product name — purchase or refinance, primary or investment, price range, and timeline — and you get the structures that fit, with what each one costs.