What is typically included in the Closing Disclosure?

The Closing Disclosure is a critical document in a real estate transaction, providing a comprehensive overview of the financial details and terms between the buyer and the seller. It includes a detailed account of charges and adjustments associated with the transaction, such as loan terms, monthly payments, closing costs, and any other fees that may be applicable. This transparency is designed to ensure that both parties are fully informed about the financial obligations involved in the sale.

The inclusion of this detailed financial information is essential for buyers, as it allows them to review and understand all costs they will incur at closing, ensuring that there are no surprises. It also aids in the comparison of loan offers and enables buyers to make informed decisions based on the comprehensive breakdown of their financial responsibilities.

Other options may provide information that is relevant to real estate but are not part of the Closing Disclosure. For instance, while listing neighborhood property values can be beneficial for understanding market trends, it does not directly relate to the transaction's closing details. Similarly, summarizing the property's history or scheduling future maintenance is valuable information but does not pertain to the specific costs and closings associated with the sale. Thus, the detailed account of charges and adjustments stands out as the correct inclusion in the Closing Disclosure.