Which page of the loan estimate form provides details of closing costs?

The loan estimate form, which is a crucial document in the mortgage process, is designed to provide borrowers with clear and straightforward information about the costs associated with their loan. The second page of the loan estimate specifically details the closing costs, including estimates for prepaid items, such as property taxes and insurance, and other costs associated with the loan closing.

This page breaks down various closing costs into categories, such as loan costs and other costs, providing borrowers with a comprehensive overview of what they can expect to pay at closing. It plays an essential role in helping borrowers compare costs between different lenders and make informed decisions.

Understanding the layout and content of the loan estimate form is critical for anyone in the real estate field, as it ensures that all parties are aware of the total financial obligations related to the transaction. Therefore, the information presented on page two is vital for ensuring transparency and aiding in financial planning during the home-buying process.