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    When do you expect to close?

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    Select the application date.

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    Adjust the number of days from loan application to closing.
    Use the lock icons to lock in a date.
    Total Transaction Time:
    Adjust the date of the Loan Estimate Revision.
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    Loan Application Submitted

    A loan application triggers the issuance of mandated forms when all of the following are provided: name, income, social security number, property address, estimate of property value, and mortgage loan amount sought.

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    Loan Estimate Mailed

    The Loan Estimate form is provided within three business days of application. The form lists loan terms; projected monthly payments; estimated pre-paid expenses and closing costs; and total interest paid if the loan is kept for the full term.

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    Loan Estimate Revised

    A Revised Loan Estimate is provided within three business days of a significant change to estimated loan costs. Examples can be locking in the interest rate or changing loan programs. The Revised Loan Estimate must arrive at least one day before the Closing Disclosure form.

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    Closing Disclosure Due

    The Closing Disclosure form is provided at least three business days before closing. The form describes costs paid at closing and over the course of the loan; allows comparison of these costs and pre-paid expenses to those in the written Loan Estimate; highlights certain loan terms; and provides contact information for primary professionals involved in the transaction.

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    Closing Date

    The closing date marks the day when the real estate transfer and loan documents are signed. The closing disclosure must be provided to the borrower at least three days before this date.

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    More Details

    The Closing Countdown Calendar calculates the mandated disclosure dates in a mortgage loan transaction according to the Know Before You Owe rule. You can adjust dates of application, receipt of a revised loan estimate form, and closing by clicking on the calendar icons or clicking to “unlock” the icon that appears next to a date then moving the slider.

    Dates are calculated using business days only. Saturdays are included per regulatory requirements. Federal holidays are excluded.

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