How to Ask Your Loan Officer About Closing Cost Changes
Ask your loan officer which fees on your Loan Estimate can still change before closing and which cannot, and request a written explanation of how each fee is allowed to change.
When you compare your Loan Estimate to your Closing Disclosure, you may want to know how much each closing cost is allowed to shift between the two documents, but we could not confirm the specific figures needed to answer that question responsibly.
Could not be confirmed
We were not able to confirm specific tolerance percentages, category examples, or dollar figures for this explainer from sourced claims, so this piece cannot responsibly walk through the worked example, comparison table, or numeric details the reader question asks for. Please consult your loan officer for guidance on the rules that apply to your loan.
What you can do in the meantime
- Ask your loan officer directly which fees on your Loan Estimate can increase before closing and by how much, and which cannot change at all.
- Request a written explanation of how each fee on your Loan Estimate is allowed to change before you reach closing.
- Compare your Loan Estimate and Closing Disclosure side by side as soon as you receive the Closing Disclosure, and flag any fee that increased for your loan officer.
- Ask for the specific regulatory citation your lender relies on if you see an increase you do not understand.
Key takeaways
- Compare your Loan Estimate and Closing Disclosure carefully and raise any unexpected increase with your loan officer right away.