How to Read Seller’s Closing Disclosure (i.e. Seller’s Closing Costs)

When a mortgage loan is involved the Seller receives a Closing Disclosure (see below). Due to privacy concerns the Seller receives a different Closing Disclosure than the Buyer. While the Buyer’s Closing Disclosure is five (5) pages, the Seller’s Closing Disclosure is only two (2) pages long. The purpose of the Seller’s Closing Disclosure is to show the purchase price and itemize expenses. The Seller’s Closing Disclosure shows the purchase price and then a line item breakdown of every cost paid by the seller in two columns of whether it was paid before or at closing.

Interactive Seller’s Closing Disclosure

(hover over highlighted terms for explanations)