Closing Disclosure (CD)
Direct definition
A federally required five-page form detailing the final terms and costs of your mortgage.
Written by the Vabasso Mortgage Editorial Team · Reviewed against agency and federal sources · Read our editorial policy for how we research and review mortgage content
Plain-English explanation
The Closing Disclosure lists the final loan amount, interest rate, monthly payment, and every fee — organized to mirror the Loan Estimate for easy comparison. It must be delivered at least three business days before closing.
Why it matters
The three-day review window protects you from last-minute surprises and gives time to question changes.
Where you may see it
- Closing Disclosure
- Loan Estimate
- Closing documents
A real-world example
Educational and illustrative only
A common misunderstanding
The Closing Disclosure isn't optional paperwork you can skip reviewing — federal rules require it be provided at least three business days before closing for you to review.
Frequently asked
What if numbers change after I get the CD?+
Certain changes restart the three-day clock; minor changes do not.
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- Author
- Vabasso Mortgage Editorial Team
- Reviewed by
- Vabasso Mortgage Licensed Advisory Team
- Last reviewed
- July 30, 2026