Closing Disclosure

The Closing Disclosure (CD) is a standardized five-page federal form that itemizes the final loan terms and all closing costs. Lenders are required by federal law (TRID rules) to deliver the CD to the borrower at least 3 business days before closing. This window gives the borrower time to review final numbers and compare against the original Loan Estimate.

The CD covers: loan terms (rate, amount, term), projected monthly payment, all closing costs (origination, title, taxes, insurance), cash to close, and a summary of the loan over its full term.

Why it matters for Milo customers

Milo issues a standard Closing Disclosure on every mortgage transaction. Crypto-specific items (custody setup fees, collateral transfer instructions) are itemized clearly so you know exactly what's being charged for what.

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